Multiple Choice
The marginal rate of transformation is
A) the rate at which hours worked can be converted into an economy's capital stock.
B) - (slope of the PPF) .
C) equivalent to the marginal rates of substitution.
D) is derived from the marginal product of labour.
E) is equal to the wage rate * TFP.
Correct Answer:
Verified
Correct Answer:
Verified
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