Suppose you find that at a given input bundle the TRS=-2. Then you can conclude that at that input bundle: O labour is more productive than capital O capital is more productive than labour O labour and capital are equally productive O there is not enough information to answer

Suppose you find that at a given input bundle the TRS=-2. Then you can conclude that at that input bundle: O labour is more productive than capital O capital is more productive than labour O labour and capital are equally productive O there is not enough information to answer

Principles of Economics 2e

2nd Edition

ISBN:9781947172364

Author:Steven A. Greenlaw; David Shapiro

Publisher:Steven A. Greenlaw; David Shapiro

Chapter7: Production, Costs, And Industry Structure

Section: Chapter Questions

Problem 5SCQ: If two painters can paint 200 square feet of wall in an hour, and three painters can paint 275...

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Question

Suppose you find that at a given input bundle the TRS=-2. Then you can conclude that at that input
bundle:
labour is more productive than capital
O capital is more productive than labour
labour and capital are equally productive
O there is not enough information to answer

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