-The slope of an isoquant
A)gives the substitutability of inputs while keeping output constant.
B)shows how output varies while keeping inputs constant.
C)is independent of the marginal product of capital.
D)shows the firm's returns to scale.

Question

-The slope of an isoquant
A)gives the substitutability of inputs while keeping output constant. 
B)shows how output varies while keeping inputs constant. 
C)is independent of the marginal product of capital. 
D)shows the firm's returns to scale.

Quizplus · Accepted Answer

The slope of an isoquant represents the rate at which one input can be substituted for another while keeping the level of output constant, indicating the substitutability of inputs.

-The Slope of an Isoquant