The slope of an isoquant depends on the ratio of
A)the output prices.
B)the input prices.
C)the marginal products of inputs.
D)an input price over an output price.
E)total profits over total costs.

Question

Quizplus · Accepted Answer

The slope of an isoquant depends on the ratio of the marginal products of inputs, reflecting how inputs can be substituted for one another while maintaining the same level of output.

The Slope of an Isoquant Depends on the Ratio of