marginal rate of technical substitution
TheFormulaforMarginalRateofTechnicalSubstitution:MRTS=-MPL/MPK.Here,MPLreferstothemarginalproductoflabour,andMPKreferstothemarginal ...,Whenrelativeinputusagesareoptimal,themarginalrateoftechnicalsubstitutionisequaltotherelativeunitcostsoftheinpu...
Marginal Rate Of Technical Substitution
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2024年2月1日—Themarginalrateoftechnicalsubstitution(MRTS)isaneconomictheorythatdescribestherateatwhichonefactorwilldecreasetobe ...
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