The Input Efficiency Condition

question 11

Multiple Choice

The input efficiency condition:

• A) holds if at least one pair of firms share the same marginal rate of technical substitution between every pair of inputs.
• B) holds if at least one pair of consumers share the same marginal rate of substitution between two goods.
• C) holds if every pair of firms share the same marginal rate of technical substitution between every pair of inputs.
• D) holds if every pair of firms share the same marginal rate of substitution between two goods.

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Definitions:

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