Isoquants A) hold utility constant. B) hold capital constant. ...

[jeatrice]

Isoquants
 
  A) hold utility constant.
  B) hold capital constant.
  C) hold labor constant.
  D) hold output constant.

Question 2

A consumer's marginal willingness to pay
 
  A) changes with price.
  B) is equal to the marginal value to the consumer of the last unit of output.
  C) is the minimum price a consumer will pay for the last unit of output.
  D) is the first derivative of the demand curve.

[meganmoser117]

Answer to Question 1

D

Answer to Question 2

B