Multiple Choice
Which of the following is a property of an isoquant?
A) It is concave to the origin.
B) Its slope is given by the ratio of the marginal products, for example, (marginal product of capital) ÷ (marginal product of labor) , where capital and labor are measured on the Y and X-axes respectively.
C) It gives the lowest-cost way of producing a certain level of output.
D) Isoquants cannot intersect each other.
Correct Answer:

Verified
Correct Answer:
Verified
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