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    Microeconomics Theory with Applications
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    Exam 7: Production Cost: Many Variable Inputs
  5. Question
    If the MRTS Is Constant
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If the MRTS Is Constant

Question 33

Question 33

Multiple Choice

If the MRTS is constant:


A) the inputs are perfect substitutes.
B) we are dealing with a fixed- proportions production function.
C) the inputs are perfect complements.
D) the production function exhibits constant returns to scale.

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