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Commerce · Q1292

Economics

Graduate and Post Graduate · Commerce · question 1292

Q1292

The slope of an isoquant tells

A.
The decrease in capital necessary to keep output constant when labour increases by one unit
Answer
B.
The increase in mpL when capital increases
C.
The decrease in capital necessary to keep MPL constant when labour increases by one unit
D.
The increase in output when both inputs are increased

Answer: Option A

Solution

Answer: Option A
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