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Satsume Satsume
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7 years ago
The condition that requires MRTS for each input pair to equal the ratio of their marginal costs is known as  ________ efficiency, and the condition that requires MRS for each output pair to equal their output price ratio is known as ________ efficiency.
A) economic, market
B) micro, macro
C) cost, revenue
D) technical, output
Textbook 
Microeconomics

Microeconomics


Edition: 8th
Author:
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boransalboransal
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7 years ago
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Satsume Author
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7 years ago
Thanks
klyn
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Yesterday
Helped a lot
SUmmerPeople
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2 hours ago
Correct Slight Smile TY
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