36. Marginal Rate of Product Substitution (MRPT) is: A measure of substitutability of mputs in production b. A measure of substitutability of inputs to production A measure of substitutability of products in production. A measure of substitutability of inputs and outputs in production a. d.

36. Marginal Rate of Product Substitution (MRPT) is: A measure of substitutability of mputs in production b. A measure of substitutability of inputs to production A measure of substitutability of products in production. A measure of substitutability of inputs and outputs in production a. d.

Principles of Microeconomics (MindTap Course List)

8th Edition

ISBN:9781305971493

Author:N. Gregory Mankiw

Publisher:N. Gregory Mankiw

Chapter18: The Markets For The Factor Of Production

Section: Chapter Questions

Problem 6CQQ

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Question

36. Marginal Rate of Product Substitution (MRPT) is:
A measure of substitutability of mputs in production
b. A measure of substitutability of inputs to production
A measure of substitutability of products in production.
A measure of substitutability of inputs and outputs in production
a.
d.

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