What Does the Slope of an Isoquant Measure

question 214

Multiple Choice

What does the slope of an isoquant measure?

• A)The price ratio of the two inputs.
• B)The average product of labour.
• C)The ratio of the marginal utility of the two inputs.
• D)The rate at which inputs can be substituted for each other keeping total output constant.

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Definitions:

Field Selector

A tool or feature that allows users to choose which fields or columns of data to display or operate on.

Query Design View

A graphical interface in database software that allows users to create queries by visually assembling them.

Field List

A compilation of fields available for a database or software application, used for organizing and selecting data attributes.

Sorting

The process of arranging data in a particular order or sequence, typically ascending or descending, based on one or more criteria.