QUESTION 34 The MRTS of labor for capital tends to be higher the larger the quantity...

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QUESTION 34 The MRTS of labor for capital tends to be higher the larger the quantity...

QUESTION 34

The MRTS of labor for capital tends to be higher

		the larger the quantity of capital already employed
		the lower the quantity of capital already employed
		when a firm is choosing baskets that are inefficient
		in the short run compared to the long run

business economics

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Answer 1

Answer #1

Ans) the correct option is a) the larger the quantity of capital already employed

MRTS of labor for capita is the rate at which the amount of capital needed to hold output constant if the quantity of labor changes.

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Answer 2

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QUESTION 34 The MRTS of labor for capital tends to be higher the larger the quantity...

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