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smitch6 smitch6
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6 years ago
The marginal rate of transformation is
A) the rate at which hours worked can be converted into an economy's capital stock.
B) - (slope of the PPF).
C) equivalent to the marginal rates of substitution.
D) is derived from the marginal product of labour.
E) is equal to the wage rate * TFP.
Textbook 
Macroeconomics, Canadian Edition

Macroeconomics, Canadian Edition


Edition: 5th
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6 years ago
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