Multiple Choice
The figure below shows the isocost lines and the isoquant map for a firm producing golf tees.
FIGURE 8- 6
-Refer to Figure 8- 6.Suppose this firm is producing 3000 golf tees and is at point F on the isoquant map.Which of the following is true?
A) MPK/MPL is greater than 5/2.
B) MPK/MPL is equal to PK/PL .
C) MPK/MPL is equal to 2/5.
D) MPL/MPK is greater than 5/2.
E) MPK/MPL is equal to 5/2.
Correct Answer:
Verified
Correct Answer:
Verified
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