Assume your company produces good X using only two inputs, capital (K) and labor (L). Also, assume L is measured on the vertical axis and K on the horizontal one. If the prices of inputs are P_K=$30 and P_L=15, and your company is behaving efficiently, what is the slope of the isoquant at the current input mix? A) -2 B) -1/2 C) 2 D) 1/2

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The Answer of Assume your company produces good X using only two inputs, capital (K) and labor (L). Also, assume L is measured on the vertical axis and K on the horizontal one. If the prices of inputs are P_K=$30 and P_L=15, and your company is behaving efficiently, what is the slope of the isoquant at the current input mix? A) -2 B) -1/2 C) 2 D) 1/2

Assume Your Company Produces Good X Using Only Two Inputs