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The slope of the isocost curve depends on how much how much each inputs the firm...

  1. The slope of the isocost curve depends on how much how much each inputs the firm uses

    True

    False

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Answer #1

The given statement is false.

The slope of the isocost curve does not depend on how much each input the form uses. The slope of the isocost curve depends upon the relative price of the input that the form uses. When the firm is a price taker in factor market, then the isocost Curve is a straight line. This means that the Slope of the isocost Curve at any point on the isocost Curve remains constant and therefore, doesn't depend on how much each input the firm uses.

Hence, the given statement is FALSE.

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