The condition that requires MRTS for each input pair to equal the rati

The condition that requires MRTS for each input pair to equal the ratio of their marginal costs is known as ________ efficiency, and the condition that requires MRS for each output pair to equal their output price ratio is known as ________

efficiency. A) economic, market
B) micro, macro
C) cost, revenue
D) technical, output

 

ANSWER

D

 

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