The marginal rate of technical substitution: A. equals the marginal product of capital times the marginal product of labor. B. is the horizontal distance between two isoquants. C. measures the rate at which marginal product declines as inputs are increased. D. measures the degree to which one input can be substituted for another, output held constant.

Which of the following is the term for something that you can't live without 1. need 2. want 3. good 4. service

Total marketing effort is a term used to describe the critical decision factors that affect demand: price, advertising, distribution, and product quality. define the variable x to represent total marketing effort. a typical model that is used to predict demand as a function of total marketing effort is based on the power function: d = axb suppose that a is a positive number. different model forms result from varying the constant b. sketch the graphs of this model for b = 0, b = 1, 0< b< 1, b< 0, and b> 1. (we encourage you to use excel to do this.) what does each model tell you about the relationship between demand and marketing effort? what assumptions are implied? are they reasonable? how would you go about selecting the appropriate model?

Keisha took the vark inventory and discovered she prefers to learn mainly through visual and kinesthetic modes. which study strategy would best match these preferences?