Marginal Rate Of Technical Substitution| MRTS In Economics
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Marginal Rate Of Technical Substitution| MRTS In Economics
Marginal Rate Of Technical Substitution Blog link: https://www.thekeepitsimple.com/mrts-in-economics/ The marginal rate of technical substitution refers to the Marginal Rate of Technical Substitution which is termed the slope of isoquant. Isoquants are defined almost the same as the indifference curve with few changes. So, the MRTS is known as ...
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5a firm has the production function q3l6k find the marginal product of labormpmarginal product of capitalmp and marginal rate of technical substitutionmrts determine the returns to scalertsf 37682
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