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In the Following Graph Showing an Isoquant and an Isocost

question 9

Multiple Choice

In the following graph showing an isoquant and an isocost line, at point X,
In the following graph showing an isoquant and an isocost line, at point X, MPP<sub>L</sub>/MPP<sub>K</sub> is __________ w/r and the producer has an incentive to use relatively more__________ in producing the given output. A) greater than; capital B) greater than; labor C) less than; capital D) less than; labor
MPPL/MPPK is __________ w/r and the producer has an incentive to use relatively more__________ in producing the given output.

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