Hartley function - Revision history

en>Quondum: /* top */ fixing mismatched ')'

2014-08-31T06:21:18Z

top: fixing mismatched ')'

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	~~Andrew Berryhill~~ is ~~what his spouse enjoys to call him and he completely digs that title~~. ~~To perform lacross~~ is ~~the factor I adore most of all. For a while~~ I've been ~~in Alaska but I will have to move in a yr or two~~. He is ~~an purchase clerk and it's~~ something he ~~truly appreciate~~.<br><br>~~My web-site~~: [http://~~clothingcarearchworth~~.com/~~index.php?document_srl=441551&mid=customer_review free~~ psychic]		The title of the writer is Jayson. Alaska is where I've usually been living. Office supervising is where her main income arrives from. To play lacross is something he would never give up.<br><br>Look into my website: [http://Mybrandcp.com/xe/board_XmDx25/107997 love psychic]

144.173.23.11: /* Derivation of the Hartley function */

2014-02-17T17:14:45Z

Derivation of the Hartley function

← Older revision		Revision as of 19:14, 17 February 2014
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	~~In [[economic]] theory,~~ the ~~'''Marginal Rate~~ of ~~Technical Substitution~~'~~'' ('''MRTS''')—or '''Technical Rate of Substitution''' ('''TRS''')—is the amount by which the quantity of one input has~~ to ~~be reduced (<math>-\Delta x_2</math>) when one extra unit of another input~~ is ~~used (<math>\Delta x_1 = 1</math>), so that output remains constant (<math>y = \bar{y}~~<~~/math~~>).		Andrew Berryhill is what his spouse enjoys to call him and he completely digs that title. To perform lacross is the factor I adore most of all. For a while I've been in Alaska but I will have to move in a yr or two. He is an purchase clerk and it's something he truly appreciate.<br><br>My web-site: [http://clothingcarearchworth.com/index.php?document_srl=441551&mid=customer_review free psychic]

	<~~math~~>~~MRTS(x_1,x_2) =~~-~~\frac{\Delta x_2}{\Delta x_1} = \frac{MP_1}{MP_2}</math>~~

	~~where <math>MP_1</math> and <math>MP_2</math> are the~~ [~~[marginal product]]s of input 1 and input 2, respectively, and <math>MRTS(x_1,x_2)<~~/~~math> is '''Marginal Rate of Technical Substitution''' of the input <math>x_1<~~/~~math> for <math>x_2<~~/~~math>~~.

	Along an isoquant, the MRTS shows the rate at which one input (e.g. capital or labor) may be substituted for another, while maintaining the same level of output. The MRTS can also be seen as the slope of an [[isoquant]] at the point in question.

	~~==See also==~~
	*[[Marginal rate of substitution]] (the same concept on consumption side)

	~~==References==~~
	*{{cite book \|authorlink=Andreu Mas-Colell \|last=Mas-Colell \|first=Andreu \|last2=Whinston \|first2=Michael \|last3=Green \|first3=Jerry \|year=1995 \|title=~~Microeconomic Theory \|location~~=~~Oxford \|publisher=Oxford University Press \|isbn=0-19-507340-1 }}~~

	~~{{DEFAULTSORT:Marginal Rate Of Technical Substitution}}~~
	~~[[Category:Microeconomics]]~~
	~~[[Category:Production economics]]~~

	~~{{microeconomics-stub}}~~

	~~[[de:Grenzrate der Substitution#Grenzrate der Faktorsubstitution]~~]

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2013-03-15T03:37:33Z

Bot: Migrating 1 interwiki links, now provided by Wikidata on d:q3055336

← Older revision		Revision as of 05:37, 15 March 2013
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	~~Jayson Berryhill is how I~~'~~m known as and my wife doesn~~'~~t like it at all. Distributing production~~ has ~~been his profession for some time~~. ~~Ohio is~~ where ~~her house is. To perform lacross is~~ the ~~thing I love most~~ of ~~all.~~<br><br>~~Also visit my site psychic readings ([http:~~//~~Clothingcarearchworth~~.~~com/index~~.~~php?document_srl~~=~~441551&mid~~=~~customer_review Clothingcarearchworth.com~~])		In [[economic]] theory, the '''Marginal Rate of Technical Substitution''' ('''MRTS''')—or '''Technical Rate of Substitution''' ('''TRS''')—is the amount by which the quantity of one input has to be reduced (<math>-\Delta x_2</math>) when one extra unit of another input is used (<math>\Delta x_1 = 1</math>), so that output remains constant (<math>y = \bar{y}</math>).

			<math>MRTS(x_1,x_2) =-\frac{\Delta x_2}{\Delta x_1} = \frac{MP_1}{MP_2}</math>

			where <math>MP_1</math> and <math>MP_2</math> are the [[marginal product]]s of input 1 and input 2, respectively, and <math>MRTS(x_1,x_2)</math> is '''Marginal Rate of Technical Substitution''' of the input <math>x_1</math> for <math>x_2</math>.

			Along an isoquant, the MRTS shows the rate at which one input (e.g. capital or labor) may be substituted for another, while maintaining the same level of output. The MRTS can also be seen as the slope of an [[isoquant]] at the point in question.

			==See also==
			*[[Marginal rate of substitution]] (the same concept on consumption side)

			==References==
			*{{cite book \|authorlink=Andreu Mas-Colell \|last=Mas-Colell \|first=Andreu \|last2=Whinston \|first2=Michael \|last3=Green \|first3=Jerry \|year=1995 \|title=Microeconomic Theory \|location=Oxford \|publisher=Oxford University Press \|isbn=0-19-507340-1 }}

			{{DEFAULTSORT:Marginal Rate Of Technical Substitution}}
			[[Category:Microeconomics]]
			[[Category:Production economics]]

			{{microeconomics-stub}}

			[[de:Grenzrate der Substitution#Grenzrate der Faktorsubstitution]]

en>777sms at 03:39, 14 April 2012

2012-04-14T03:39:58Z

New page

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