The Marginal Rate of Technical Substitution at Any Particular Labor-Capital

question 2

Multiple Choice

The marginal rate of technical substitution at any particular labor-capital bundle is

• A) the slope of the isoquant.
• B) the average product of labor relative to the average product of capital.
• C) the wage relative to the cost of capital.
• D) the slope of the indifference curve.
• E) the ratio of labor to capital.

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