When capital is plotted on the vertical axis and labor is plotted along the horizontal axis, the marginal rate of technical substitution (mrts) of labor for capital along a convex isoquant
a. equals the negative of the slope of the isoquant.
b. equals the marginal product of labor divided by the marginal product of capital.
c. declines as more and more labor is used.
d. all of the above are correct.
e. only answers a and b are correct.
Solved
Show answers
More tips
- O Other What happens if you get scared half to death twice?...
- H Horoscopes, Magic, Divination Where Did Tarot Cards Come From?...
- S Style and Beauty How to Make Your Lips Fuller? Ideas and Tips for Beautiful Lips...
- S Style and Beauty How are artificial nails removed?...
- F Family and Home How to Sew Curtain Tapes: Best Tips from Professionals...
- H Horoscopes, Magic, Divination How to Cast a Love Spell on a Guy? Guide for Guys...
- F Family and Home How to Properly Use a Water Level?...
- L Legal consultation What Documents Are Required for a Russian Passport?...
- H Health and Medicine How to Treat Styes: Causes, Symptoms, and Home Remedies...
- F Family and Home Protect Your Home or Apartment from Pesky Ants...
Answers on questions: Business
- B Business What is the biggest difference between a state-chartered and federal-chartered bank? (Select all that apply.) which government agency will have the primary regulatory authority...
- B Business Matching International Labor Relations The human resource management function of an international business often is responsible for international labor relations. The successful...
- B Business Patriot Co. manufactures and sells three products: red, white, and blue. Their unit selling prices are red, $48; white, $78; and blue, $103. The per unit variable costs to...
- B Business The following information was taken from Combine Company s balance sheet: Fixed assets (net) $1,509,200 Long-term liabilities 343,000 Total liabilities 2,280,950 Total stockholders...
- B Business Chegg Taylor, Inc. had accounts receivable of $320,000 and an allowance for doubtful accounts of $14,000 just before writing off as worthless an account receivable from Burton...
- B Business A portfolio of non-dividend-paying stocks earned a geometric mean return of 5% between January 1, 2010, and December 31, 2016. The arithmetic mean return for the same period...
- B Business At which of the following prices would both Arturo and Dina gain from trade with each other? a. 12 burritos for 21 tacos b. 12 burritos for 27 tacos c. 12 burritos for 36...
- B Business Farmer and Taylor formed a partnership with capital contributions of $300,000 and $350,000, respectively. Their partnership agreement calls for Farmer to receive a $110,000...
- B Business What is a government in which officials are elected by the people called?...
- B Business What can you sort the records by in order to get some of the best prices through the postal department?...
Ответ: