The Marginal Rate of Transformation Is

question 50

Multiple Choice

The marginal rate of transformation is

• A) the rate at which hours worked can be converted into an economy's capital stock.
• B) - (slope of the PPF).
• C) equivalent to the marginal rates of substitution.
• D) is derived from the marginal product of labour.
• E) is equal to the wage rate * TFP.

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