Author Question: Suppose Q = KaLb, if a + b > 1 the isoquants will be a. upward sloping. b. progressively closer ... (Read 65 times)

karateprodigy · **on:** Jul 1, 2018

Suppose Q = KaLb, if a + b > 1 the isoquants will be
a. upward sloping.
b. progressively closer together at higher quantities.
c. progressively further apart at higher quantities.
d. equally spaced.

Question 2

If production is given by Q = KsLb, (a + b < 1) doubling both inputs
a. more than doubles output.
b. exactly doubles output.
c. increases output but does not double it.
d. leaves output unchanged.