0 votes
in Revision by

What does the law of substitution state?

1 Answer

0 votes
by (47.6k points)
  • The law of substitution states that if the output is constant, it is profitable to substitute one input factor for another as long as its is cheaper than the one being substituted.

Related questions

Register, ask, and answer questions to earn more points and privileges. Some features are disabled for users with few points.
Welcome to Kenyayote Q&A, the largest community site in Kenya where you can ask any question and receive answers from Kenyayote staff and other members of the community.

Before you ask, search the website to make sure your question has not been answered.

If you are ready to ask, provide a title about your question and a detailed description of your problem.

Register to join Kenyayote Ask Community.
...