The slope of an isoquant tells us
A) how much output increases when both inputs are increased.
B) the increase in MPL when capital increases.
C) the decrease in capital necessary to keep output constant when labor increases by one unit.
D) the decrease in capital necessary to keep MPL constant when labor increases by one unit.
Question 2
Isoquants that are downward-sloping straight lines exhibit
A) an increasing marginal rate of technical substitution.
B) a decreasing marginal rate of technical substitution.
C) a constant marginal rate of technical substitution.
D) a marginal rate of technical substitution that cannot be determined.
An analogy for how cardiac output, resistance, and blood pressure are related.
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How to find the slope of a line using any two points
An antique painting is purchased in 1980 for $995. The value increases by 3.1% e
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Summary of the inputs and outputs of photosynthesis.