The negative of the relative costs of the inputs is represented by the _________ of an isocost curve.
A) slope
B) length
C) thickness

Question

Quizplus · Accepted Answer

The slope of an isocost curve represents the negative of the relative costs of the inputs. It is calculated as the ratio of the prices of the two inputs. Therefore, option A is the correct answer. Option B (length) and option C (thickness) are not relevant to the representation of the negative of the relative costs of the inputs on an isocost curve.

The Negative of the Relative Costs of the Inputs Is