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Diminishing marginal rate of technical substitution indicates that the more labor and less capital the firm has, the ____________ it is to replace remaining capital
Diminishing marginal rate of technical substitution indicates that the more labor and less capital the firm has, the ____________ it is to replace remaining capital with labor and the isoquant becomes _____________. Group of answer choices easier; flatter harder; flatter easier; steeper harder; steeper
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