Q304
An isoquant slopes
A.
Downward to the left
B.
Downward to the right
AnswerC.
Upward to the right
D.
Upward to the left
Answer: Option B
Solution
Answer: Option B
Solution:
An isoquant slopes downward to the right. This implies that the Isoquant is a negatively sloped curve. This is because when the quantify of factor K (capital) is increased, the quantity of L (labor) must be reduced so as to keep the same level of output. 