The marginal rate of technical substitution is equal to
A) The ratio of the change in output to the ratio of two input prices.
B) The ratio of the change in capital to the change in labor.
C) The ratio of the change in capital to the marginal physical product of capital.
D) The ratio of the level of capital to the level of labor
B) The ratio of the change in capital to the change in labor.
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a. control wetlands b. need to be employed on all agricultural fields c. make otherwise difficult soil productive d. are tools used only by growers
Calculating the number of masonry units involves a ____-stage process
A. two B. three C. four D. six
Which of the following is a potential barrier of entry into an industry?
A. Product deterrence B. Economies of scope C. Economies of opportunity D. Product switching
EEPROMS can be electrically erased and reused
Indicate whether the statement is true or false