The marginal rate of technical substitution is The rate at which a producer is able to exchange, without affecting the quantity of output produced, a little bit of one input for a little bit of...


The marginal rate of technical substitution is<br>The rate at which a producer is able to exchange, without affecting the<br>quantity of output produced, a little bit of one input for a little bit of another<br>input.<br>b. The rate at which a producer is able to exchange, without affecting the total<br>cost of inputs, a little bit of one input for a little bit of another input.<br>The rate at which a producer is able to exchange, without affecting the total<br>inputs used, a little bit of one output for a little bit of another output.<br>d. A measure of the ease or difficulty with which a producer can substitute one<br>technique of production for another<br>

Extracted text: The marginal rate of technical substitution is The rate at which a producer is able to exchange, without affecting the quantity of output produced, a little bit of one input for a little bit of another input. b. The rate at which a producer is able to exchange, without affecting the total cost of inputs, a little bit of one input for a little bit of another input. The rate at which a producer is able to exchange, without affecting the total inputs used, a little bit of one output for a little bit of another output. d. A measure of the ease or difficulty with which a producer can substitute one technique of production for another

Jun 11, 2022
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