Using the information provided an the graph, complete the following table with the changes in capital and labor moving from paint L to K and I to I,

respectively.

Notice that moving from point L to point $,$ the marginal product of labor $($MPL$)$ and the marginal product of capital $($

MP$\_($K$)).$ This means that, as a firm moves along an isoquant in this way, it will become to replace machines with workers and loeep output

at the same level. This trade$-$off between labor and capital is called the

$,$ and it is represented by the slope of an

isoquant.

Now that you have found what the slope of an isoquant at different points means intuitively, it is time to derive its mathematical formula. Recail that

output remains constant for each combination of labor and capital along an isoquant. When a firm moves down along an isoquant, you know that

capital increases and labor decreases. In general, a decrease in labor shoulc

output, while an increase in capital should

output. Since output remains constant at all points along an lsoquant, the following must be true $($in absolute value$)$:

Change in Output from Increasing Capttal $-$ Change in Output from Decreasing Labor

The change in output resulting from an increase in capltal and a decrease in labor respectively is as follows:

Change in Output from Changing the Amount of Capital $-$

Change in Output from Changing the Amount of Labor $-$

$!!!!!!!!!!!!$ PLS EXPLAIN EVERYTHING STEP BY STEP $!!!!!!!!!!$

THIS IS FROM ECO $3100$