MRTS meaning in Academic & Science ?

Answer: What is Marginal Rate of Technical Substitution mean?

In microeconomic theory, the marginal rate of technical substitution (MRTS)—or technical rate of substitution (TRS)—is the amount by which the quantity of one input has to be reduced ( − Δ x 2 {\displaystyle -\Delta x_{2}} ) when one extra unit of another input is used ( Δ x 1 = 1 {\displaystyle \Delta x_{1}=1} ), so that output remains constant ( y = y ¯ {\displaystyle y={\bar {y}}} ).

M R T S ( x 1 , x 2 ) = − Δ x 2 Δ x 1 = M P 1 M P 2 {\displaystyle MRTS(x_{1},x_{2})=-{\frac {\Delta x_{2}}{\Delta x_{1}}}={\frac {MP_{1}}{MP_{2}}}}

where M P 1 {\displaystyle MP_{1}} and M P 2 reference

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