The Marginal Rate of Product Substitution refers to: a. the physical tradeoff between inputs b. the physical
Question:
The Marginal Rate of Product Substitution refers to:
a. the physical tradeoff between inputs
b. the physical tradeoff between outputs
c. the economic tradeoff between inputs
d. the economic tradeoff between outputs
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The Marginal Rate of Substitution MRS refers to the economic tradeoff between outputs It rep...View the full answer
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Related Book For 
Principles Of Agricultural Economics
ISBN: 9780415540704
1st Edition
Authors: Andrew Barkley, Paul W. Barkley
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