Which of the following is NOT related to the slope of isoquants?
A) The fact that inputs have positive marginal product
B) The fact that inputs have diminishing marginal product
C) The fact that input prices are positive
D) The fact that more of either input increases output
E) The fact that there are diminishing returns to inputs

Question

Quizplus · Accepted Answer

The slope of isoquants is related to the rate at which one input can be substituted for another while keeping output constant, which is influenced by the marginal products of the inputs and the principle of diminishing returns. The positivity of input prices does not directly affect the slope of isoquants; it affects the cost of production and the choice of input combination based on cost minimization.

Which of the Following Is NOT Related to the Slope