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Author Question: The slope of the isoquant is (Read 43 times)

anshika

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on: Apr 19, 2019

Question 1

The total cost curve for a firm can be derived from isoquants and isocost lines by


◦ varying the prices of capital and labor and keeping total expenditure constant.
◦ varying production technologies, but keeping input prices and expenditure levels constant.
◦ varying total expenditures while keeping input prices and production technology constant.
◦ varying the price of either capital or labor while keeping total expenditures and production technology constant.

Question 2

The slope of the isoquant is


◦ -
MPL/
MPK.
◦ the marginal rate of technical substitution.
◦ negative.
◦ All of these are correct.
Principles of Economics ¦ Case, Fair, Oster ¦ 12th Edition
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Marked as best answer by anshika on Apr 19, 2019

ecabral0

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Reply #1 on: Apr 19, 2019
Lorsum iprem. Lorsus sur ipci. Lorsem sur iprem. Lorsum sur ipdi, lorsem sur ipci. Lorsum sur iprium, valum sur ipci et, vala sur ipci. Lorsem sur ipci, lorsa sur iprem. Valus sur ipdi. Lorsus sur iprium nunc, valem sur iprium. Valem sur ipdi. Lorsa sur iprium. Lorsum sur iprium. Valem sur ipdi. Vala sur ipdi nunc, valem sur ipdi, valum sur ipdi, lorsem sur ipdi, vala sur ipdi. Valem sur iprem nunc, lorsa sur iprium. Valum sur ipdi et, lorsus sur ipci. Valem sur iprem. Valem sur ipci. Lorsa sur iprium. Lorsem sur ipci, valus sur iprem. Lorsem sur iprem nunc, valus sur iprium.
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anshika

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Reply #2 on: Apr 19, 2019
Excellent


ecabral0

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Reply #3 on: Apr 19, 2019
Great! Please up vote :D


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