What is the slope of belfast companys isoquant

Reference no: EM133614663

Problem: Belfast Company produces helmets using labor (L) and capital (K). Its production function is given by the following expression: Q = 114 L + 64 K where Q is the output of bicyles. The prices of labor (PL), capital (PK), bicycle (P) and the cost (C) are the following: PL=96, PK=45, P=73 and C=2746. What is the slope of Belfast Company's Isoquant?

Reference no: EM133614663

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