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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Definitions:

Onboarding Process

The series of actions taken to integrate new hires into an organization, familiarizing them with their roles and the company culture.

Department Level

Pertains to the specific tier or section within an organization that focuses on a particular area of responsibility or function.

Employee Turnover

The rate at which employees leave a company and are replaced by new employees.

Active Participation

Involvement of individuals or groups in activities or decisions that directly affect them, ensuring their input is considered.