The Steeper an Isoquant Is

question 30

Multiple Choice

The steeper an isoquant is

• A)the greater is the marginal product of labor relative to that of the marginal product of capital.
• B)the greater is the substitutability between capital and labor.
• C)the greater is the need to keep capital and labor in fixed proportions.
• D)the greater is the level of output.

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