Answer to Question #97831 in Microeconomics for tugce

Question #97831
In which case two points representing two different quantities of capital and labor are on the
budget line of a company?
1
Expert's answer
2019-11-05T09:46:35-0500

When a company has only two production factors,the marginal rate of technical substitution would allow a firm to maintain a constant output between give and take factors such as capital and labor.


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