The Marginal Rate of Technical Substitution at Any Particular Labor-Capital

question 2

Multiple Choice

The marginal rate of technical substitution at any particular labor-capital bundle is

• A) the slope of the isoquant.
• B) the average product of labor relative to the average product of capital.
• C) the wage relative to the cost of capital.
• D) the slope of the indifference curve.
• E) the ratio of labor to capital.

---

Definitions:

Unsafe Products

Goods and items that can pose dangers to consumers due to their hazardous nature.

Dangerous Foods

Edibles that may pose health risks due to contamination, intrinsic toxins, or allergenic properties, requiring careful handling or avoidance.

Consumer Fraud

Deceptive practices that result in financial or other losses for consumers in the course of seemingly legitimate business transactions.

Legal Advertising

Promotion and marketing practices by legal professionals or law firms intending to attract clients, regulated by ethical standards.