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The marginal rate of technical substitution shows Group of answer choices the change in total output resulting from an extra worker. how much output changes
The marginal rate of technical substitution shows Group of answer choices the change in total output resulting from an extra worker. how much output changes if the firm increases all inputs proportionately. the ratio of output to the number of workers used to produce that output. how much capital the firm can replace with an extra worker while keeping output constant
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Intermediate Microeconomics and Its Application
Authors: walter nicholson, christopher snyder
11th edition
9781111784300, 324599102, 1111784302, 978-0324599107
