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    Business
  3. Study Set
    Mathematical Economics and Econometrics
  4. Exam
    Exam 2: Econometrics and Factors of Production
  5. Question
    Marginal Rate of Substitution Between Factors Is Equal to the Ratio
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Marginal Rate of Substitution Between Factors Is Equal to the Ratio

Question 3

Question 3

Multiple Choice

Marginal rate of substitution between factors is equal to the ratio of :


A) mpx/mpy
B) mpl/mpk
C) mrsxy/mrs
D) none

Correct Answer:

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