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Author Question: The ________ to produce any given level of output is indicated by the point of tangency between an ... (Read 33 times)

karen

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on: Apr 19, 2019

Question 1

The marginal rate of technical substitution is the ratio of


◦ the marginal product of labor to the marginal product of capital.
◦ capital to labor.
◦ capital to the price of capital.
◦ labor to the price of labor.

Question 2

The ________ to produce any given level of output is indicated by the point of tangency between an isocost line and the isoquant corresponding to that level of output.


◦ only possible way
◦ most costly way
◦ least costly way
◦ least desirable way
Principles of Economics ¦ Case, Fair, Oster ¦ 12th Edition
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Marked as best answer by karen on Apr 19, 2019

succesfull

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Reply #1 on: Apr 19, 2019
Lorsum iprem. Lorsus sur ipci. Lorsem sur iprem. Lorsum sur ipdi, lorsem sur ipci. Lorsum sur iprium, valum sur ipci et, vala sur ipci. Lorsem sur ipci, lorsa sur iprem. Valus sur ipdi. Lorsus sur iprium nunc, valem sur iprium. Valem sur ipdi. Lorsa sur iprium. Lorsum sur iprium. Valem sur ipdi. Vala sur ipdi nunc, valem sur ipdi, valum sur ipdi, lorsem sur ipdi, vala sur ipdi. Valem sur iprem nunc, lorsa sur iprium. Valum sur ipdi et, lorsus sur ipci. Valem sur iprem. Valem sur ipci. Lorsa sur iprium. Lorsem sur ipci, valus sur iprem. Lorsem sur iprem nunc, valus sur iprium.
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karen

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Reply #2 on: Apr 19, 2019
Thanks


succesfull

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Reply #3 on: Apr 19, 2019
Welcome :)


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