Answered step by step

Verified Expert Solution

Link Copied!

Question

1 Approved Answer

Posted on Jul 07, 2024

1.The marginal rate of Technical Substitution can be described as one of the following: A.It is also known as MRTS XY B.It is same as

1.The marginal rate of Technical Substitution can be described as one of the following:

A.It is also known as MRTS_XY

B.It is same as the negative of the slope of the Isoquant curve

C.It is also same as the ratio of the marginal product of the inputs on X-axis to Y-axis

D.All above

Step by Step Solution

There are 3 Steps involved in it

Step: 1

Get Instant Access to Expert-Tailored Solutions

See step-by-step solutions with expert insights and AI powered tools for academic success

Step: 2

Step: 3

Ace Your Homework with AI

Get the answers you need in no time with our AI-driven, step-by-step assistance

Get Started

Recommended Textbook for

Reimagining Capitalism In A World On Fire

Authors: Rebecca Henderson

1st Edition

1541730151, 9781541730151

More Books

Students also viewed these Economics questions

Question

★★★★★

Use the data from Problem and Case 6.3 to recalculate part (a) using a discount rate of 7%. 6.5 In problem Salvage Value Net Cash Inflows Year 1 Cost $985,000 Inflows 9 75,000 90,000 220,000 280,000...

Answered: 1 week ago

Question

★★★★★

=b. How large can the marginal production cost be before the grandfather clocks cease to be profitable?

Answered: 1 week ago

Question

★★★★★

=+8. For which one of the following situations would a Wilcoxon signed-rank test be appropriate?

Answered: 1 week ago

Question

★★★★★

Robert Triffin bought a number of dishonored checks from McCalls Liquor Corp., Community Check Cashing II, LLC (CCC), and other licensed check cashing businesses in New Jersey. Seventeen of the...

Answered: 1 week ago

Question

★★★★★

C# project: Create a program that will calculate employees monthly gross pay as follows: Inputs: Name Annual Salary Monthly Sales Keeps asking for additional inputs and creating the outputs until an...

Answered: 1 week ago

Question

★★★★★

Jill was granted 1,000 shares of restricted stock when she joined the company. The share price was 6$ on the date of grant, 9$ when the restrictions lapsed, and 15$ when she disposed of the stock. No...

Answered: 1 week ago

Question

★★★★★

(20 points) The following data shows the total spend on Research and development by institutions of higher learning in the US, in billions of dollars for the period 2003 - 2011. Find the best fit...

Answered: 1 week ago

Question

★★★★★

Question 1 (13 pts) Read the following and use it to answer the following questions: James owns a factory that produces fuel from bio waste and sells the fuel to the agricultural industry. He holds a...

Answered: 1 week ago

Question

★★★★★

1)Breakeven point: Algebraic and graphicalFine Leather Enterprises sells its single product for $129.00 per unit. The firm's fixed operating costs are $473,000 annually, and its variable operating...

Answered: 1 week ago

Question

★★★★★

13. Jose is 35 years old, and makes $40,000 per year. If he dies, how much would the beneficiaries of his life insurance policy receive if they can get by on 75% of his income?

Answered: 1 week ago

Question

★★★★★

Cookie Business In this project, you will be opening your own specialty cookie company to see how product costing methods and changes in production affect business decisions. You will be creating a...

Answered: 1 week ago

Question

★★★★★

Explain the interrelationship between transactional analysis, assertiveness, and conflict management styles.

Answered: 1 week ago

Question

★★★★★

Define the following 14 key terms throughout the chapter identified in bold with their definition in italic. They are listed at the end of the chapter.

Answered: 1 week ago

Question

★★★★★

List and describe three behavioral leadership theories.

Answered: 1 week ago

Previous Question Next Question