Why does optimum adjustment of production require equality of the marginal rate of sub- stitution and the
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Why does optimum adjustment of production require equality of the marginal rate of sub-
stitution and the marginal rate of transformation? What requirements must be fulfilled for this equality to be attained?
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Related Book For
Intermediate Microeconomics
ISBN: 9780155414969
1st Edition
Authors: Robert W. Clower, Philip E. Graves
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