Assertion: output's value | /r/HasProperty | the input cost ratio
Facets:
value: w r
type: OTHER
Source sentences:
text: Now since the absolute value of the slope of the isocost line is the input cost ratio w / r {\displaystyle w/r} , and the absolute value of the slope of an isoquant is the marginal rate of technical substitution (MRTS), we reach the following conclusion: If the isoquants are smooth and convex to the origin and the cost-minimizing input bundle involves a positive amount of each input, then this bundle satisfies the following two conditions: