When profit maximizing, the MRTS of two inputs is equal to a. The ratio of marginal products of the inputs, but not the ratio of the prices of the inputs b. The price of the good being produced c. The ratio of the prices of the inputs, but not the ratio of marginal products of the inputs d. Both the ratio of marginal products of the inputs and the ratio of the prices of the inputs Clear my choice

When profit maximizing, the MRTS of two inputs is equal to a. The ratio of marginal products of the inputs, but not the ratio of the prices of the inputs b. The price of the good being produced c. The ratio of the prices of the inputs, but not the ratio of marginal products of the inputs d. Both the ratio of marginal products of the inputs and the ratio of the prices of the inputs Clear my choice

ENGR.ECONOMIC ANALYSIS

14th Edition

ISBN:9780190931919

Author:NEWNAN

Publisher:NEWNAN

Chapter1: Making Economics Decisions

Section: Chapter Questions

Problem 1QTC

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