The Marginal Rate of Technical Substitution Shows

question 104

Multiple Choice

The marginal rate of technical substitution shows

• A)how many machines can be replaced by computers, keeping output constant.
• B)how many computers are needed to replace workers so that output can increase.
• C)the rate at which technology advances change marginal productivity.
• D)how many workers can do the job of one computer, keeping output constant.

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