Louisiana State University, Shreveport ECON ECON 705 Sets of Isoquants 1. The slope of an isoquant curve shows Select…
Without knowing what the graph of the isocost and isoquant lines look like, you can be assured of making an optimal decision if
Select one:
a. the ratio of marginal products equals the ratio of input prices.
b. the wage is equal to the price of capital.
c. the marginal product of labor is equal to the marginal product of capital.
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