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:

Successful

Pertains to the achievement of desired results, objectives, or goals through effective planning, execution, and performance.

Domain of Development

Specific areas of growth and change, typically referring to child development, including cognitive, emotional, physical, and social development.

Life-span Studies

Research that focuses on understanding the changes and continuities in individuals from birth to death.

Continuity

Continuity involves the consistent existence or operation of something over a period of time, ensuring a seamless connection or progression without interruption or change.