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Satsume Satsume
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6 years ago
Which of the following is a condition for efficiency in the output market?
A) MRT = MPL/MPK
B) The marginal rate of substitution is the same for all customers.
C) The marginal rate of technical substitution must be the same for all producers.
D) The marginal rate of transformation must equal the marginal rate of substitution.
Textbook 
Microeconomics

Microeconomics


Edition: 8th
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CanihCanih
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#1
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6 years ago
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Satsume Author
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6 years ago
this is exactly what I needed
tcat
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Yesterday
Good timing, thanks!
jblazah
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2 hours ago
Thanks for your help!!
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