Which of the Following Formulas Measures the Rate of Substitution

question 7

Multiple Choice

Which of the following formulas measures the rate of substitution for labour with capital?

• A) - ∆L/∆K
• B) - ∆K/∆L
• C) ∆K/∆L
• D) ∆L/∆K

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Definitions:

Public Methods

Functions within a class that are accessible from other classes and can be called from any instance of the class or directly from the class.

Accessor Method

A method in object-oriented programming used to retrieve the value of an attribute from an object.

Data Members

Variables that hold data specific to an instance of a class, also known as fields or properties.

Public

A keyword in many programming languages specifying that a variable, method, or class is accessible from any other code in the same environment.