Refer to Figure 7.9. The slope of isocost CD is

A) greater than the slope of isocost AB.
B) less than the slope of isocost AB.
C) equal to the slope of isocost AB.
D) indeterminate from this information, as the prices of capital and labor are not given.

Slope

In mathematics and economics, it refers to the measure of the steepness or incline of a line, often representing the rate of change between variables.

Isocost

Lines representing all combinations of inputs that have the same total cost.

Capital

Resources or assets owned by individuals or organizations, utilized to create wealth through investment or production.