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April 24, 2014

Homework Help: Economics

Posted by Carol on Thursday, February 5, 2009 at 11:23pm.

The marginal rate of technical substitution
A. Determines the rate at which a producer can substitute between two inputs in order to increase one additional unit of output
B. Is the absolute value of the slope of the isoquant
C. Is the absolute value of marginal revenue
D. Is constant along the isoquant curve

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