The marginal rate of technical substitution shows a)how many machines can be replaced by computers, keeping output constant. b)the rate at which technology advances change marginal productivity. c)how many workers can do the job of one computer, keeping output constant. d)how many computers are needed to replace workers so that output can increase.

The marginal rate of technical substitution shows a)how many machines can be replaced by computers, keeping output constant. b)the rate at which technology advances change marginal productivity. c)how many workers can do the job of one computer, keeping output constant. d)how many computers are needed to replace workers so that output can increase.

Economics For Today

10th Edition

ISBN:9781337613040

Author:Tucker

Publisher:Tucker

Chapter7: Proudction Costs

Section: Chapter Questions

Problem 10SQ

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