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Diminishing marginal rate of technical
Diminishing marginal rate of technical substitution
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asked by
Jr
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When the law of diminishing returns applies, which of the following would rise with increased employment of labor, ceteris
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Bill
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How the technical rate of substitution and marginal product are related and what is their difference?
i only wrote their
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liza
442 views
1. Explain briefly the following concepts.
A) Utility B) Indifference curve C) Law of diminishing marginal utility D) Budget line
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Which good its marginal rate of substitution in diminishing?
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asked by
Mafia
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PLEASE CHECK AND CORRECT MY ANSWERS!!!!
MRTS = marginal rate of technical substitution RTS = returns to scale MP = marginal
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Anonymous
1,249 views
When do diminishing marginal returns occur?
when additional workers increase total output at a decreasing rate when some workers
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Define and then derive the expression for the marginal rate of technical substitution
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Anonymous
532 views
How the technical rate of substitution and marginal product are relates and what is their difference?
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asked by
cat02
370 views
What is the principle that justifies a regressive tax?
Responses principle of taxation without representation principle of
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