Multiple Choice
A firm's rate of technical substitution is represented graphically by:
A) The slope of the line connecting the origin with the relevant point on the isoquant.
B) The negative of the slope of the line connecting the origin with the relevant point on the isoquant.
C) The slope of the isoquant at the relevant point.
D) The negative of the slope of the isoquant at the relevant point.
Correct Answer:
Verified
Correct Answer:
Verified
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