Explain the term "marginal rate of technical substitution." (Assume a two-input production function.)

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02-07-2021
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Explain the term "marginal rate of technical substitution." (Assume a two-input production function.)

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Belind1607idn Belind1607idn · Answer 1 · 2021-07-02T12:27:13-04:00

Answer:

La relación marginal técnica de sustitución (RMTS) expresa la proporción en que un factor productivo se puede sustituir por otro, manteniendo constante la producción total.

Esta relación técnica busca sistemáticamente obtener la cantidad de un factor de producción que hay que disminuir con el objetivo de aumentar en cierto nivel, otro factor productivo. En tal caso la curva de la producción se mantiene en la misma isocuanta de tal forma que tenemos: RMTS= Δ K / Δ L.

Explanation:

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