The marginal rate of technical substitution is the ratio of Group of answer choices a. capital...

Question

Question

The marginal rate of technical substitution is the ratio of

Group of answer choices

a. capital to the price of capital

b. capital to labor

c. the marginal product of labor to the marginal product of capital

d. labor to the price of labor.

Answer 1

Answer #1

ANSO ER The marginalRate of technical Sustaston the Rato of the Margiual proodut t labor to the maynal Pproduct of Capital M/

Answer 2

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