Refer to Figure 11-12. The movement from isoquant T to isoquant U ...

[rayancarla1]

Refer to Figure 11-12. The movement from isoquant T to isoquant U depicts
 
  A) an increase in the cost of production.
  B) an increase in output.
  C) an increase in labor usage holding capital and output constant.
  D) a change in preferences with regards to input usage.

Question 2

Centrally planned economies tend to grow more quickly than market economies.
 
  Indicate whether the statement is true or false

[akudia]

Answer to Question 1

B

Answer to Question 2

FALSE

[rayancarla1]

Thanks for the timely response, appreciate it

[mcarey591]

Gracias!