Question
Translation: While moving along a convex isoquant, which of the following does not change? to. The marginal rate of technical substitution b. The capital/labor ratio.
Translation: While moving along a convex isoquant, which of the following does not change? to. The marginal rate of technical substitution b. The capital/labor ratio. 'c. The ratio between the marginal product of labor and the marginal product of capital. d. The level of production obtained.
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Contemporary Labor Economics
Authors: Campbell R. McConnell, Stanley L. Brue, David Macpherson
11th Edition
1259290602, 1259290603, 978-1259290602
