Louisiana State University, Shreveport ECON ECON 705 Sets of Isoquants 1. The slope of an isoquant curve shows Select…
. Isoquant AA is situated above and to the right of Isoquant BB. Isoquant BB is associated with a larger amount of output than Isoquant AA.
4. The slope of the isocost line shows the ratio of prices of the two inputs (LL and KK).
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