Question: What is the correct answer to the question below. Please explain step by step. QUESTION: When the isocost line is tangent to the isoquant, then

What is the correct answer to the question below. Please explain step by step.

QUESTION:

When the isocost line is tangent to the isoquant, then

Select one:

a. (MPL/L)<(MPK/K)

b. (MPL/L)>(MPK/K)

c. (MPL/L)=(MPK/K)

d. MPL=MPK

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