The marginal rate of technical substitution is the ratio of
A. labor to the price of labor.
B. the marginal product of labor to the marginal product of capital.
C. capital to labor.
D. capital to the price of capital.
Answer: B
Economics
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a. E[X]=???XiPr[Xi]. b. E[X]=??XiPr[Xi]. c. E[X]=?XiPr[Xi]. d. E[X]=?XiPr[Xi].
Economics
In a perfectly competitive market, _____
a. short-run profits attract other firms to the market b. there are significant barriers to entry c. firms sell highly differentiated products d. firms are price makers
Economics