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Marginal rate of substitution between factors is equal to the ratio of :

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Question:

Marginal rate of substitution between factors is equal to the ratio of :

A.

mpx/mpy

B.

mpl/mpk

C.

mrsxy/mrs

D.

none

Answer» b. mpl/mpk

Note: The above multiple-choice question is for all general and Competitive Exams in India.