A firm has a production process in which the inputs to production are perfectly substitutable in the

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A firm has a production process in which the inputs to production are perfectly substitutable in the long run. Can you tell whether the marginal rate of technical substitution is high or low, or is further information necessary? Discuss.

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Microeconomics

ISBN: 978-0132857123

8th edition

Authors: Robert Pindyck, Daniel Rubinfeld

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Question Posted: Dec 22, 2015 02:21 AM

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A firm has a production process in which the inputs to production are perfectly substitutable in the

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Further information is necessary The marginal rate ...View the full answer

Microeconomics

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