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The Figure Below Shows the Isocost Lines and the Isoquant

Question 134

Multiple Choice

The figure below shows the isocost lines and the isoquant map for a firm producing golf tees.
The figure below shows the isocost lines and the isoquant map for a firm producing golf tees. FIGURE 8-6 -Refer to Figure 8-6. Suppose this firm is producing 3000 golf tees and is at point F on the isoquant map. Which of the following is true? A) MPK/MPL is equal to PK/PL . B) MPK/MPL is greater than 5/2. C) MPL/MPK is greater than 5/2. D) MPK/MPL is equal to 2/5. E) MPK/MPL is equal to 5/2. FIGURE 8-6
-Refer to Figure 8-6. Suppose this firm is producing 3000 golf tees and is at point F on the isoquant map. Which of the following is true?


A) MPK/MPL is equal to PK/PL .
B) MPK/MPL is greater than 5/2.
C) MPL/MPK is greater than 5/2.
D) MPK/MPL is equal to 2/5.
E) MPK/MPL is equal to 5/2.

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