More complete name for the marginal rate of substitution between factors in a production function, sometimes used to distinguish it from the analogous concept in a utility function.
Related information about marginal rate of technical substitution:
- Marginal rate of technical substitution - Wikipedia, the free ...
In economic theory, the Marginal Rate of Technical Substitution (MRTS) - or Technical Rate of Substitution (TRS) - is the amount by which the quantity of one ...
- Marginal rate of technical substitution | Policonomics
The marginal rate of technical substitution (MRTS) can be defined as, keeping constant the total output, how much should input 1 decrease if input 2 increases ...
- Marginal Rate of Technical Substitution (MRTS) - Definition ...
Marginal Rate of Technical Substitution (MRTS): Definition: Prof. R.G.D. Alien and J.R. Hicks introduced the concept of MRS (marginal rate of substitution) in the ...
- What is marginal rate of technical substitution? definition and meaning
Definition of marginal rate of technical substitution: Rate at which a producer is technically able to substitute (without affecting the quality of the output) a small ...
- F(L,K)
Marginal Rate of Technical Substitution. The Marginal Rate of Technical Substitution (MRTS) shows the rate at which inputs may be substituted while the output ...
- Examples and exercises on isoquants and the marginal rate of ...
Marginal rate of technical substitution for a fixed proportions production function. The isoquants of a production function with fixed proportions are L-shaped, ...
- Interpreting the Marginal Rate of Technical Substitution Graphically
Interpreting the Marginal Rate of Technical Substitution Graphically. We can interpret the marginal rate of technical substitution (MRTS) graphically. The MRTS at ...
- Marginal rate of technical substitution - What does MRTS stand for ...
Acronym, Definition. MRTS, Mass Rapid Transit System. MRTS, Marginal Rate of Technical Substitution. MRTS, Medieval & Renaissance Texts & Studies ...