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