Multiple Choice
(Figure: Capital and Labor IV) Which of the following statements is (are) TRUE? I. More output is produced at point A than at point B.
II) The ratio of the marginal product of labor to the marginal product of capital is higher at point A than at point B.
III) The MRTSLK is equal at points A and B.
A) I, II, and III
B) II
C) III
D) II and III
Correct Answer:

Verified
Correct Answer:
Verified
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