Question

The firm's marginal rate of technical substitution shows a. the slope of the indifference curve. b. the slope of the isoquant curve. c. the slope of the iso-revenue curve. d. the slope of the budget constraint. 

   The firm's marginal rate of technical substitution shows
a. the slope of the indifference curve.
b. the slope of the isoquant curve.
c. the slope of the iso-revenue curve.
d. the slope of the budget constraint.
Introduction to agricultural economics
Introduction to agricultural economics
John B. Penson,… 7th Edition
Chapter 7, Problem 9 ↓

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MRTS measures the rate at which one input can be substituted for another input in the production process, while keeping the output level constant. It is a concept used in the analysis of production functions.  Show more…

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The firm's marginal rate of technical substitution shows a. the slope of the indifference curve. b. the slope of the isoquant curve. c. the slope of the iso-revenue curve. d. the slope of the budget constraint.
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