Use the following graph to answer the following questions about Jill Johnson's isoquant curve.

a. Which combination of inputs yields more output: combination A (3 ovens and 2 workers) or combination B (2 ovens and 3 workers)?
b. What will determine whether Jill selects A, B, or some other point along this isoquant curve?
c. Is the marginal rate of technical substitution (MRTS) greater at point A or point B?

Transcribed Image Text:

Capital (ovens per week) 3 Labor (workers per week) 3. 2.