英语词汇“elasticity of technical substitution”的翻译、意思、用法、释义-英汉经管词典

单词	elasticity of technical substitution
释义	elasticity of technical substitution The ratio of proportional change in the relative quantities of two inputs used by a firm to proportional change in their relative prices, holding total output constant. This elasticity has the same role for the firm as the elasticity of substitution has for the consumer. If it is high, a small change in the relative cost of two factors leads to a large change in relative quantities used by a cost-minimizing firm. If it is small, a large change in relative factor prices causes a cost-minimizing firm to make only a small change in factor proportions.
随便看	BP curve Brady Plan brain drain branch banking brand brand loyalty Brandt Report break-even break-up value Bretton Woods broad money broker brokerage bubble budget budget constraint budget deficit budgeting, zero-base budget line budget surplus budget year buffer stock building and loan association building society built-in stabilizers

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