The slope of an isoquant is equal to the ratio of the price of the input on the horizontal axis divided by the price of the input on the vertical axis, multiplied by -1.

Question

Quizplus · Accepted Answer

The slope of an isoquant is 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 not directly related to input prices.

The Slope of an Isoquant Is Equal to the Ratio