If capital is represented on the vertical axis and labor on the horizontal axis, the marginal rate of substitution (MRTS) is equal to

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    minus one times the slope of the isoquant, or the marginal product of labor divided by the marginal product of capital (MPL/MPK).
     minus one times the slope of the isoquant, or (?L/?K), which is equal to (MPL/MPK)
     (-?K/?L) or (MPK/MPL), where MPK is the marginal product of capital and MPL is the marginal product of labor.
     None of the above.
asked Jun 2, 2013 in Economics by anonymous
    

1 Answer

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minus one times the slope of the isoquant, or the marginal product of labor divided by the marginal product of capital (MPL/MPK).
answered Jun 3, 2013 by Xyz ~Expert~ (3,650 points)

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