The marginal product of labour is 10 and that of capital is 30, then the slope of the isoquant is . (capital plotted on x-axis and labour on y-axis)

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1/3

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1/2

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Solution

The correct option is B 1/3
The slope of the isoquant is given by MRTS. MRTS is calculated as MP of labour divided by MP of capital.

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The marginal product of labour is 10 and that of capital is 30, then the slope of the isoquant is . (capital plotted on x-axis and labour on y-axis)

The correct option is B 1/3 The slope of the isoquant is given by MRTS. MRTS is calculated as MP of labour divided by MP of capital.

The correct option is B 1/3
The slope of the isoquant is given by MRTS. MRTS is calculated as MP of labour divided by MP of capital.