B.4 Marginal rate of technical substitution | Production - Microeconomics

Learn more: http://www.policonomics.com/marginal-...

Spanish version:    • B.4 Relación marginal de sustitución ...  

This video explains how to calculate and use the marginal rate of technical substitution (MRTS). We start by learning how to calculate it, then move on to use it in order to properly draw isoquant curves and, finally, we analyse the MRTS for different kinds of isoquants.

Related videos:
-Isoquants:    • B.2 Isoquants | Production - Microeco...  
-Production function:    • B.1 Production function | Production ...  

Related articles:
-Marginal rate of substitution: http://www.policonomics.com/marginal-...
-Isoquants: http://www.policonomics.com/isoquant/

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