A construction company builds roads with machinery (capital, K) and la
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
ANSWER
A
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