what is MRTS ? its one word answer
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The marginal rate of technical substitution (MRTS) is an economic theory that illustrates the rate at which one factor must decrease so that the same level of productivity can be maintained when another factor is increased.
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he marginal rate of technical substitution is the rate at which a factor ... L) on its X-axis, the slope of the isoquant, or the MRTS at any one point, ...
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