Suppose That at a Point on an Isoquant,the Following Information

question 88

Multiple Choice

Suppose that at a point on an isoquant,the following information is true: MP_L = 3 and MP_K = 2.Then if K falls by 5,L must increase by:

• A)0.30.
• B)0.67.
• C)3.33.
• D)1.50.

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Definitions:

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