marginal rate of technical substitution (Q1113178)

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slope of the isoquant; amount by which the quantity of one input has to be reduced when one extra unit of another input is used, so that output remains constant
  • MRTS
  • TRS
  • technical rate of substitution
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Language Label Description Also known as
English
marginal rate of technical substitution
slope of the isoquant; amount by which the quantity of one input has to be reduced when one extra unit of another input is used, so that output remains constant
  • MRTS
  • TRS
  • technical rate of substitution

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