If the MRTS Is Constant

question 33

Multiple Choice

If the MRTS is constant:

• A)the inputs are perfect substitutes.
• B)we are dealing with a fixed- proportions production function.
• C)the inputs are perfect complements.
• D)the production function exhibits constant returns to scale.

---

Definitions:

Attentional Advice

Guidance provided to direct an individual's focus towards specific aspects of a task or learning process.

Skill-Based Learning

An educational approach focused on acquiring specific skills rather than on the acquisition of theoretical knowledge.

Packaged Training Programs

Pre-designed courses or training materials targeted at developing certain skills or competencies, often ready-to-use and applicable for various audiences.

Organizational Norms

The shared standards, values, and behaviors that are accepted and expected within a specific organization or group.