Refer to Figure 7.3.Suppose a firm moves along the isoquant from point a to point b.The rate of substitution for labor with capital is:
A) 2.
B) -2.
C) ½.
D) -½.

Question

Refer to Figure 7.3.Suppose a firm moves along the isoquant from point a to point b.The rate of substitution for labor with capital is: 
A) 2. 
B) -2. 
C) ½. 
D) -½.

Quizplus · Accepted Answer

The Answer of Refer to Figure 7.3.Suppose a firm moves along the isoquant from point a to point b.The rate of substitution for labor with capital is: 
A) 2. 
B) -2. 
C) ½. 
D) -½.