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Marginal Rate of Technical Substitution - Your Path to Informed Decision-Making and Economic Understanding - cover

Marginal Rate of Technical Substitution - Your Path to Informed Decision-Making and Economic Understanding

Fouad Sabry

Verlag: One Billion Knowledgeable

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Beschreibung

What is Marginal Rate of Technical Substitution
 
In microeconomic theory, the marginal rate of technical substitution (MRTS) or technical rate of substitution (TRS) is the amount by which the quantity of one input has to be reduced when one extra unit of another input is used, so that output remains constant.
 
How you will benefit
 
(I) Insights, and validations about the following topics:
 
Chapter 1: Marginal rate of technical substitution
 
Chapter 2: Differential calculus
 
Chapter 3: Profit maximization
 
Chapter 4: Quantization (signal processing)
 
Chapter 5: Marginal cost
 
Chapter 6: Production function
 
Chapter 7: Marginal rate of substitution
 
Chapter 8: Marginal propensity to consume
 
Chapter 9: Marginal product
 
Chapter 10: Diminishing returns
 
Chapter 11: Isoquant
 
Chapter 12: Marshallian demand function
 
Chapter 13: Marginal revenue
 
Chapter 14: Isocost
 
Chapter 15: Marginal revenue productivity theory of wages
 
Chapter 16: Conditional factor demands
 
Chapter 17: Elasticity of substitution
 
Chapter 18: Marginal product of capital
 
Chapter 19: Cobb-Douglas production function
 
Chapter 20: Marginal product of labor
 
Chapter 21: Robinson Crusoe economy
 
(II) Answering the public top questions about marginal rate of technical substitution.
 
(III) Real world examples for the usage of marginal rate of technical substitution in many fields.
 
Who this book is for
 
Professionals, undergraduate and graduate students, enthusiasts, hobbyists, and those who want to go beyond basic knowledge or information for any kind of Marginal Rate of Technical Substitution.
Verfügbar seit: 29.03.2024.
Drucklänge: 231 Seiten.

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