The marginal rate of technical substitution is the ratio of

A) the marginal product of labor to the marginal product of capital.
B) capital to labor.
C) capital to the price of capital.
D) labor to the price of labor.

Marginal Rate

Often referred to in the context of taxes or production, indicating the rate of increase or the additional cost or benefit of producing one more unit of a good.

Technical Substitution

The process of replacing one input or factor of production with another to maintain the same level of output.

Marginal Product

The additional output that results from adding one more unit of a specific input, keeping all other inputs constant.