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Author Question: Holding the total output constant, the rate at which one input X may be substituted for another ... (Read 14 times)

HudsonKB16

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on: Jul 1, 2018
Holding the total output constant, the rate at which one input X may be substituted for another input Y in a production process is:
 a. the slope of the isoquant curve
  b. the marginal rate of technical substitution (MRTS)
  c. equal to MPx/MPy
  d. all of the above
  e. none of the above

Question 2

A solution to the budget-gaming problem is
 a. Remove all kinks from the compensation schedule
 b. Use a straight line pay for performance function
 c. Do not base compensation on meeting a particular budget goal
  d. All of the above


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Harbringer

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Reply #1 on: Jul 1, 2018
Answer to Question 1

d

Answer to Question 2

d


HudsonKB16

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Reply 2 on: Jul 1, 2018
Great answer, keep it coming :)

connor417

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Reply 3 on: Yesterday
Excellent

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