Marginal rate of technical substitution in capital and labor

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1. Why is it necessary to assume that there is a diminishing marginal rate of technical substitution between capital and labor?

2. A decrease in the demand for dollars by the rest of the world will cause the dollar to appreciate or depreciate?

3. Why is counterbalancing important for a repeated measure/within subject design?

4. Explain why most of the world's governments choose to fully subsidize K-12 education. Use a graph to substantiate your answer.

Reference no: EM131391789

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