The slope of the isoquant is A) -MP_L/MP_K. B) the marginal rate of technical substitution. C) negative. D) All of the above are correct.

Question

Quizplus · Accepted Answer

The slope of the isoquant represents the marginal rate of technical substitution (MRTS), which is the rate at which one input can be substituted for another while keeping output constant. It is negative, indicating that an increase in one input must be offset by a decrease in another to maintain the same level of output. The formula given in option A is a mathematical representation of this concept, thus all the statements are correct.

The Slope of the Isoquant Is