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Consider a Production Function Q=3K+4LQ = 3 K + 4 L

Question 18

Multiple Choice

Consider a production function Q=3K+4LQ = 3 K + 4 L , when LL is graphed on the xx -axis and KK is graphed on the yy -axis, the marginal rate of technical substitution is equal to:


A) 4/34 / 3 and the isoquant is convex to the origin.
B) 4/34 / 3 and the isoquant is a straight line.
C) 3/43 / 4 and the isoquant is a straight line.
D) 12 and the isoquant is convex to the origin.

Correct Answer:

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