Suppose You Have Capital on the Vertical Axis and Labor

question 9

Multiple Choice

Suppose you have capital on the vertical axis and labor on the horizontal axis.The slope of the isoquant measures:

• A)the marginal rate of substitution.
• B)the marginal product of labor.
• C)the marginal product of capital.
• D)the marginal rate of technical substitution of capital for labor.

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