The slope of an isoquant measures
A) the average capital/labour ratio.
B) the ratio of prices of goods.
C) the ratio of prices of inputs.
D) the marginal rate of (technical) substitution between factors.
E) the marginal cost of a given level of output.
Correct Answer:
Verified
Q1: The figure below shows the isocost lines
Q3: Which of the following conditions indicate cost
Q6: The slope of a firm's isocost line
Q7: In the long run,the law of diminishing
Q8: "The bigger the volume,the lower the cost,and
Q9: The creation of a new product is
Q11: Consider a firm in the long run
Unlock this Answer For Free Now!
View this answer and more for free by performing one of the following actions
Scan the QR code to install the App and get 2 free unlocks
Unlock quizzes for free by uploading documents