Economics · Production Analysis
The rate at which successive units of one factor input are substituted for another without altering the overall level of output is known as the ______.
Verified Solution4 OptionsUpdated: October 2026👁️1 View
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- 1Marginal Rate of Technical Substitution✓
- 2Marginal Rate of Substitution
- 3Marginal Product
- 4Average Product
Correct answer
Marginal Rate of Technical Substitution
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