MyMicroEconomics
Showing posts with label
MRTS
.
Show all posts
Showing posts with label
MRTS
.
Show all posts
Sunday, May 12, 2013
Production | Isoquants can be convex, linear, or L-shaped. What does each of these shapes tell you about the nature of the production function? What does each of these shapes tell you about the MRTS?
Isoquants can be convex, linear, or L-shaped.
What does each of these shapes tell you about the nature of the production function?
What does each of these shapes tell you about the
MRTS
?
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