Multiple Choice
The marginal rate of technical substitution is the ratio of
A) the marginal product of labor to the marginal product of capital.
B) capital to labor.
C) capital to the price of capital.
D) labor to the price of labor.
Correct Answer:
Verified
Correct Answer:
Verified
Related Questions
Q231: You own a business that distributes restaurant
Q232: Use the information provided in Table
Q233: Average product of labor is calculated as<br>A)
Q234: Refer to the information provided in Figure
Q235: Refer to Scenario 7.1 below to answer
Q237: In the long run<br>A) a firm can
Q238: Use the information provided in Table
Q239: You own a building that has four
Q240: Refer to Scenario 7.8 below to answer
Q241: Refer to the information provided in Figure