Question
ABC firm is a moderate sized spinach grower. ABC estimates that spinach output would increase by 600 kg with an additional gallon of water provided
ABC firm is a moderate sized spinach grower. ABC estimates that spinach output would increase by 600 kg with an additional gallon of water provided to its irrigation system. Alternatively, spinach output could be increased by 500 kg with an additional 2 tons of lime fertilizers.
a) What is the marginal rate of technical substitution between these inputs?
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Valuing The Earth, Economics, Ecology, Ethics
Authors: Herman E Daly, Kenneth N Townsend
2nd Edition
0262540681, 9780262540681
