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

  1. 👍
  2. 👎
  3. 👁
  1. Do a little research, and then take a shot. What do you think?
    Hint: read up on isoquant curves.

    1. 👍
    2. 👎

Respond to this Question

First Name

Your Response

Similar Questions

  1. Social studies

    1. identify the process by which a highly developed populations rate of growth will stabilize. a mortality rate******* b urbanization c demographic transition 2. according to speculation instead of you, what will happen to the

  2. chemistry

    consider the reaction 2HgCl2 + C2O4-2 ---> 2Cl2-1 + 2CO2 + Hg2Cl2 The initial rate of this reaction was determined for several concentrations of HgCl2 and C2O4-2 and the following rate data was obtained. TRIAL (1) [HgCl2](M)= .105

  3. chemistry

    Nitric oxide (NO) can be removed from gas-fired power-plant emissions by reaction with methane as follows: CH4(g) + 4NO(g) --> 2N2(g) + CO2(g) + 2H2O(g) Complete the equation relating the rates for each of the following: a) the

  4. pre-calculus

    For groups of 80 or more people, a charter bus company determines the rate per person according to the formula: Rate=8-0.05(n-80),n(greater than or equal to)80 where the rate is given in dollars and 'n' is the number of people.

  1. biology

    A student is investigating the effect of light intensity on the rate of photosynthesis. She observes that as light intensity increases, the rate of photosynthesis increases. Which explanation best describes how the rate of

  2. rate of change

    Joe is investigating the rate of change of the function y=cos x on the interval xE[0,2π]. He notices that the graph of y=cos x passes through the x-axis at 45°. He also determines the instantaneous rate of change at x = 0, π,

  3. Algebra1

    Can you check my answers? 1. Table modeling a linear relationship is shown below. What is the rate of change of nails to birdhouses? 2 birdhouses to 22 nails 3 birdhouses to 33 nails 4 birdhouses to 44 nails 5 birdhouses to 55

  4. MicroEcon

    The market for apple pies in the city is competitive and has the following demand schedule: Price Quantity Demanded $1 1,200 2 1,100 3 1,000 4 900 5 800 6 700 etc... 13 0 Each producer in the market has fixed costs of $9 and the

  1. Economics

    Suppose that a firm determines that its marginal revenue is greater than its marginal cost, it would better to

  2. Economics

    Suppose that a family's tax liability equaled its income multiplied by one-half minus $10,000. Under this system, some families would pay taxes to the government, and some families would receive money from the government through a

  3. tax accounting

    bruce wilson won 2 million in the state lottery. the lottery pays out the prize money in 20 annual installments of 100,000 each. After receiving three 100,000 installments, bruce sold the remaining 1.7 million of payments for 1

  4. ECON

    PLEASE CHECK AND CORRECT MY ANSWERS!!!! MRTS = marginal rate of technical substitution RTS = returns to scale MP = marginal product Suppose the production function is Cobb-Douglas and f(x1, x2) = [x1^(1/2)][x2^(3/2)]. (Note: x1

You can view more similar questions or ask a new question.