The slope of an isoquant is called the
A)rate of change.
B)input price ratio.
C)rate of technical substitution.
D)substitution ratio.
E)price-cost margin.

Question

Quizplus · Accepted Answer

The slope of an isoquant represents the rate at which one input can be substituted for another while keeping output constant, which is called the rate of technical substitution. The other options are not correct descriptions of the slope of an isoquant.

The Slope of an Isoquant Is Called the