(Figure: Capital and Labor IV) Which of the following statements is (are) TRUE? I. More output is produced at point A than at point B.
II) The ratio of the marginal product of labor to the marginal product of capital is higher at point A than at point B.
III) The MRTS_LK is equal at points A and B.

Question

(Figure: Capital and Labor IV) Which of the following statements is (are) TRUE?

I. More output is produced at point A than at point B.
II) The ratio of the marginal product of labor to the marginal product of capital is higher at point A than at point B.
III) The MRTS_LK is equal at points A and B.

Quizplus · Accepted Answer

The Answer of (Figure: Capital and Labor IV) Which of the following statements is (are) TRUE? I. More output is produced at point A than at point B. II) The ratio of the marginal product of labor to the marginal product of capital is higher at point A than at point B. III) The MRTS_LK is equal at points A and B. A) I, II, and III B) II C) III D) II and III

(Figure: Capital and Labor IV) Which of the Following Statements