Author Question: The greater the curvature of the isoquant: a. the greater the degree of substitutability between ... (Read 33 times)

c0205847 · **on:** Jun 30, 2018

The greater the curvature of the isoquant:
a. the greater the degree of substitutability between the inputs.
b. the lower the possibility of substitution between inputs.
c. the higher the impact of a change in relative prices of inputs.
d. the lower the prices of inputs.

Question 2

For which of the following types of firm does the average revenue curve coincide with the marginal revenue curve?
a. A monopolist
b. An oligopoly firm
c. A monopolistically competitive firm
d. A perfectly competitive firm
e. A monopsonist