Refer to the information provided in Figure 7.10 below to answer the question(s) that follow. Figure 7.10
-Refer to Figure 7.10. At Point C the slope of the q² = 200 isoquant is

Question

Refer to the information provided in Figure 7.10 below to answer the question(s) that follow.

Figure 7.10
-Refer to Figure 7.10. At Point C the slope of the q² = 200 isoquant is

Quizplus · Accepted Answer

The slope of an isoquant is equal to the negative ratio of the marginal products of the two inputs. Using Point C, the marginal product of labor (MPL) is 100 and the marginal product of capital (MPK) is 200. Therefore, the slope is -MPK/MPL = -200/100 = -2. At Point C, the slope of the q² = 200 isoquant is -2.

Refer to the Information Provided in Figure 7