At Each Point of Tangency for Isoquants and Isocost Lines

question 73

Multiple Choice

At each point of tangency for isoquants and isocost lines, the slope of the isoquant must be ________ the slope of the isocost line.

• A) greater than
• B) less than
• C) equal to
• D) the reciprocal of

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Definitions:

Psychology

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