A firm has a production process in which the inputs to production are perfectly substitutable in the long run. Can you tell whether the marginal rate of technical substitution is high or low, or is further information necessary? Discuss. In this example, the marginal rate of technical substitution (MRTS) is
Answers (1)
Know the Answer?
Not Sure About the Answer?
Find an answer to your question ✅ “A firm has a production process in which the inputs to production are perfectly substitutable in the long run. Can you tell whether the ...” in 📘 Business if you're in doubt about the correctness of the answers or there's no answer, then try to use the smart search and find answers to the similar questions.
Search for Other Answers
You Might be Interested in
What are the gains to be had from simplifying the tax code? A. Increased efficiency of households and firms. B. Greater clarity of the decisions made by households and firms. C.
Answers (1)
Can you reproduce with the same gender?
Answers (2)
The w-2 form is a form that tells you
Answers (1)
What type of schooling for the job welding?
Answers (1)
If your tuition is $2,000 this semester, your books cost $400, you can only work 10 rather than 40 hours per week during the 15 weeks you are taking classes and you make $12 per hour, and your room and board is $4,000 this semester (same as if not
Answers (1)
New Questions in Business
True or False: An interest-bearing account is an account that generates interest income on the available balance in the account. → False
Answers (1)
Answer the question on the basis of the following information for a bond having no expiration date: bond price = $1,000; bond fixed annual interest payment = $100; bond annual interest rate = 10 percent. Refer to the given information.
Answers (1)
Other than getting laborers to work their land, how did the sharecrop system benefit landowners? a. Government subsidies provided them with more income. b. Profits were greater than under the slave labor system. c.
Answers (1)
A landlord charges the same apartment rent as last year, but now adds a fee for parking spaces. This practice is known as:
Answers (1)
One year ago, you purchased a stock at a price of $38.22 a share. Today, you sold the stock and realized a total loss of 11.09 percent on your investment. Your capital gain was - $4.68 a share. What was your dividend yield?
Answers (1)