Multiple Choice
The marginal rate of technical substitution (MRTS) along an isoquant:
A) is equal to the price ratio at all points along an isoquant.
B) is equal to the ratio of the marginal utilities of the two goods.
C) is equal to the ratio of the marginal products of the two inputs.
D) remains constant as we alter the combinations of the two inputs.
Correct Answer:
Verified
Correct Answer:
Verified
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