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Holding the Total Output Constant,the Rate at Which One Input

Question 20

Multiple Choice

Holding the total output constant,the rate at which one input X may be substituted for another input Y in a production process is:


A) the slope of the isoquant curve
B) the marginal rate of technical substitution (MRTS)
C) equal to MPx/MPy
D) all of the above
E) none of the above

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