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On the expansion path of the firm operating with homogeneous production function, which among the following remain constant?1. Input ratio2. Price ratio of inputs3. Marginal rate of technical substitution between the factors4. Elasticity of substitutionSelect the correct answer using the codes given below

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Microeconomics is a branch of economics that analyzes market behavior of individuals and firms in order to understand their decision-making processes.


On the expansion path of the firm operating with homogeneous production function, which among the following remain constant?<br><br>1. Input ratio<br>2. Price ratio of inputs<br>3. Marginal rate of technical substitution between the factors<br>4. Elasticity of substitution<br>Select the correct answer using the codes given below






 
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