Question 10 Draw an isoquant curve with an isocost curve where the following conditions hold? MRTS = MP/MPX = P/PK • MP/
Posted: Sun Apr 17, 2022 7:03 pm
Question 10 Draw an isoquant curve with an isocost curve where the following conditions hold? MRTS = MP/MPX = P/PK • MP/P = MP.JPK • Marginal product per dollar spent should be the same for all inputs le MP./P. = MP/P MP./P