Marginal Rate of Technical Substitution
Key Facts
Abbreviation
MRTS
Pronunciation
/ˈmɑrʤənəl reɪt əv ˈtɛknɪkəl ˌsəbstɪˈtuʃən/
Category
Academic & Science
Related Field
-1
Examples in Context
- Making a new production function and changing the marginal rate of technical substitution ( MRTS ) among resources are the basic features of technological progress of agriculture.