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Explain why the marginal rate of technical substitution MFlTSllkl is likely to diminish as more and more labor is substituted for capital. 0 a. Increasing

Explain why the marginal rate of technical substitution MFlTSllkl is likely to diminish as more and more labor is substituted for capital. 0 a. Increasing the use of labor and substituting out at capital will cause the MPII} to increase and the MP{I

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