Answered: 10- If labor is on the vertical axis…

10- If labor is on the vertical axis and capital is on the horizontal axis, the slope of an isocost line is given by: a.-PL/PK. b.-PK/PL. c.-PKPL. d.-MPL/MPK. e. -MPK/MPL.

ENGR.ECONOMIC ANALYSIS

14th Edition

ISBN:9780190931919

Author:NEWNAN

Publisher:NEWNAN

Chapter1: Making Economics Decisions

Section: Chapter Questions

Problem 1QTC

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Question

10- If labor is on the vertical axis and capital is on the horizontal
axis, the slope of an isocost line is given by:
a. -PL/PK.
b. -PK/PL.
c.-PKPL.
d.-MPL/MPK.
e. -MPK/MPL.

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