What will be slope (dK/dL) of the given Isoquant 4 = 2000 ?
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JNU SSS 2020 Question 12: Production and returns to scale
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What will be slope (dK/dL) of the given Isoquant 4 K^(1/4)L^(3/4) = 2000? (A) (-) 3K/L (B) (-) 5K/L (C) (+) 5K/L (D) 3/5K
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What this question tests
This question is on Isoquants and the marginal rate of technical substitution, part of Production and returns to scale in Microeconomics.
Combinations of inputs that give the same output, and the rate at which one input replaces another.
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