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    Marginal Rate of Technical Substitution: Your Path to Informed Decision-Making and Economic Understanding
    Marginal Rate of Technical Substitution: Your Path to Informed Decision-Making and Economic Understanding
    Marginal Rate of Technical Substitution: Your Path to Informed Decision-Making and Economic Understanding
    Ebook239 pages2 hours

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

    By Fouad Sabry

    ()

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    About this ebook

    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.

    LanguageEnglish
    PublisherOne Billion Knowledgeable
    Release dateMar 29, 2024
    Marginal Rate of Technical Substitution: Your Path to Informed Decision-Making and Economic Understanding

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