ShahfjeHAhahbs9249 ShahfjeHAhahbs9249

06-06-2023
Business

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When labor is on the horizontal axis and capital is on the vertical axis, the steeper an isoquant is
the more substitutable labor is for capital.
the lower the marginal productivity of labor relative to the marginal productivity of capital.
the higher the marginal productivity of labor relative to the marginal productivity of capital.
the more a firm can produce for any given amount of labor and capital.

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