The marginal rate of technical substitution is equal to the:

A) slope of the total product curve.
B) change in output minus the change in labor.
C) change in output divided by the change in labor.
D) ratio of the marginal products of the inputs.

Marginal Rate

The rate of change of a variable as another variable changes, typically used in the context of taxes, substitution, or transformation rates.

Technical Substitution

The process of replacing one technique or technology with another that is more efficient or cost-effective.

Marginal Products

The additional output produced as a result of adding one more unit of a specific input, while holding other inputs constant.