The slope of the isoquants represents the marginal rate of technical substitution ( MTRS), that is the rate at which capital can substitute for labour maintaining the level of output constant.
Numbers and figures are an essential part of our world, necessary for almost everything we do every day. As important…
APPROVED BY CLIENTS
"assignmentexpert.com" is professional group of people in Math subjects! They did assignments in very high level of mathematical modelling in the best quality. Thanks a lot
Comments
Leave a comment