marginal rate

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 For each of the following examples, draw a representative isoquant. What can you say about the marginal rate of technical substitution in each case?

a. A firm can hire only full-time employees to produce its output, or it can hire some combination of full-time and part-time employees. For each full-time worker let go, the firm must hire an increasing number of temporary employees to maintain the same level of output.

b. A firm finds that it can always trade two units of labor for one unit of capital and still keep output constant.

c. A firm requires exactly two full-time workers to operate each piece of machinery in the factory. EXCELLENT 100% CUSTOM ESSAY WRITING SERVICE Write the best Essay in English- 5 star scores

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