The technical rate of substitution between factors x 2 and x 1 is 4. If you desire

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The technical rate of substitution between factors x₂ and x₁ is −4. If you desire to produce the same amount of output but cut your use of x₁ by 3 units, how many more units of x₂ will you need?

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Intermediate Microeconomics

ISBN: 978-0393934243

8th edition

Authors: Hal R. Varian

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Question Posted: Feb 25, 2019 06:18 AM

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The technical rate of substitution between factors x 2 and x 1 is 4. If you desire

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Intermediate Microeconomics

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