The Marginal Rate of Technical Substitution (RTS)of Labor for Capital

question 12

Multiple Choice

The marginal rate of technical substitution (RTS) of labor for capital measures:

• A)the amount by which capital input can be reduced while holding quantity produced constant when one more unit of labor is used.
• B)the amount by which labor input can be reduced while holding quantity produced constant when one more unit of capital is used.
• C)the ratio of total labor to total capital.
• D)the ratio of total capital to total labor.

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Definitions:

Child's Healthy Development

The progression through which children grow and mature in a manner that is physically, emotionally, and intellectually healthy.

Threats

Perceived or real potential harms or dangers that can adversely affect an individual's or an organization's well-being and security.

Illnesses

Refers to a wide range of medical conditions that impair normal health, affecting the body or mind.

Preventing Overweight

Refers to the measures and actions taken to avoid becoming overweight through diet, exercise, and lifestyle changes.