The Rate of Product Transformation Refers to

Multiple Choice

The rate of product transformation refers to

A) how a consumer can trade one good for another while still maximizing his or her utility.
B) how a firm can substitute one input for another and still maintain the same production level.
C) how production of one good can be substituted for another while still using a fixed supply of inputs efficiently.
D) how quickly a firm can produce a final good while starting with only natural resources.