(Figure 63) Which of the Following Statements Is (Are) TRUE

Multiple Choice

(Figure 6.3) Which of the following statements is (are) TRUE?

A) It is easier for a small amount of additional labor to replace a large amount of capital at point A than at point B.
B) It is easier for a small amount of additional labor to replace a large amount of capital at point B than at point A.
C) The MRTS_LK at point A equals MP_K/MP_L.
D) The MRTS_LK at point B is greater the MRTS_LK at point A.