Technical progress is said to be Hicks Capital intensive if at constant capital labour ratio
MRTSLK :
(1) Remains constant
(2) Decreases
(3) Increases
(4) None of (1), (2) and (3) are relevant
Answer: (2) Decreases
Technical progress is said to be Hicks Capital intensive if at constant capital labour ratio MRTSLK
Technical progress is said to be Hicks Capital intensive if at constant capital labour ratio
MRTSLK :
(1) Remains constant
(2) Decreases
(3) Increases
(4) None of (1), (2) and (3) are relevant
Answer: (2) Decreases
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