36. Marginal Rate of Product Substitution (MRPT) is: A measure of substitutability of mputs in production b. A measure of substitutability of inputs to production A measure of substitutability of products in production. A measure of substitutability of inputs and outputs in production a. d.

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Refer to the figure at right. Which of the following changes causes the move from A to B? A. The price of one of the inputs B. The quantity to be produced C. The budget of the producer D. The productivity of inputs

Activities in input markets include OA households paying businesses money for food OB. households paying businesses money for labour services. OC. households paying businesses money for services. OD. households paying businesses money for products. E. businesses paying households money for labour services.