Economy, asked by dhairya2708, 11 months ago

Q = 2KL , What is MRTS for a given output level?

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Answered by ketan1403p

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Marginal rate of technical substitution (MRTS) is the rate at which a firm can substitute capital with labor. It equals the change in capital to change in labor which in turn equals the ratio of marginal product of labor to marginal product of capital. MRTS equals the slope of an isoquant.Feb 9, 2019

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