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Marginal rate of technical substitution (MRTS)

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The rate at which one input X may be substituted for another input Y in a
production process, while total output remains constant, is:

a) the slope of the isoquant curve
b) the marginal rate of technical substitution (MRTS)
c) equal to MPx/MPy
d) all of the above
e) none of the above

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https://brainmass.com/economics/factors-of-production/marginal-rate-technical-substitution-mrts-357833

Solution Preview

By definition this is equal to the marginal rate of technical substitution (MRTS). The isoquant curve ...

Solution Summary

Marginal rate of technical substitution (MRTS) is briefly summarized in this solution.

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