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nakungth nakungth
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6 years ago
A construction company builds roads with machinery (capital, K) and labor (L).  If we plot the isoquants for the production function so that labor is on the horizontal axis, then a point on the isoquant with a small MRTS (in absolute value) is associated with high ________ use and low ________ use.
A) labor, capital
B) capital, labor
C) concrete, gravel
D) none of the above
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Microeconomics

Microeconomics


Edition: 8th
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Bart_argBart_arg
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6 years ago
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nakungth Author
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6 years ago
Good timing, thanks!
SupremeDJ
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Yesterday
Thanks
joyceess
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2 hours ago
Helped a lot
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