Author Question: Marginal rates of technical substitution (MRTS) represent A) the optimum combinations of inputs. ... (Read 61 times)

Shelles · **on:** Jul 1, 2018

Marginal rates of technical substitution (MRTS) represent

A) the optimum combinations of inputs.
B) cost-minimizing combinations of inputs.
C) the degree to which one input can replace another without output changing.
D) All of the above

Question 2

If, at the end of the project life, a piece of equipment having a book value of 4,000 is expected to bring 3,000 upon resale, and the income tax rate is 40, how much will be the cash flow?

A) 2,800
B) 3,000
C) 3,400
D) 4,000