« previous next »

Author Question: The slope of an isoquant tells us A) how much output increases when both inputs are increased. ... (Read 226 times)

brutforce

  • Hero Member
  • *****
  • Posts: 540
on: Jul 1, 2018
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.
Microeconomics ¦ Perloff ¦ 8th Edition
Buy Test-Bank


Ptupou85

  • Sr. Member
  • ****
  • Posts: 334
Reply #1 on: Jul 1, 2018
Answer to Question 1

C

Answer to Question 2

C


Related Topics

Need homework help now?

Ask unlimited questions for free

Ask a Question
« previous next »
 

Did you know?

Over time, chronic hepatitis B virus and hepatitis C virus infections can progress to advanced liver disease, liver failure, and hepatocellular carcinoma. Unlike other forms, more than 80% of hepatitis C infections become chronic and lead to liver disease. When combined with hepatitis B, hepatitis C now accounts for 75% percent of all cases of liver disease around the world. Liver failure caused by hepatitis C is now leading cause of liver transplants in the United States.

Did you know?

Only 12 hours after an egg cell is fertilized by a sperm cell, the egg cell starts to divide. As it continues to divide, it moves along the fallopian tube toward the uterus at about 1 inch per day.

Did you know?

Human neurons are so small that they require a microscope in order to be seen. However, some neurons can be up to 3 feet long, such as those that extend from the spinal cord to the toes.

Did you know?

Patients who have been on total parenteral nutrition for more than a few days may need to have foods gradually reintroduced to give the digestive tract time to start working again.

Did you know?

Individuals are never “cured” of addictions. Instead, they learn how to manage their disease to lead healthy, balanced lives.

Atmospheric pressure decreases as altitude increases. Atmospheric pressure decreases as altitude increases.
Atmospheric CO2 Concentrations Increased Very Rapidly during the Last 200 Years Atmospheric CO2 Concentrations Increased Very Rapidly during the Last 200 Years
Two areas of reduced cortical volume and one area of increased cortical volume observed in people ... Two areas of reduced cortical volume and one area of increased cortical volume observed in people ...
Dose-response relationship. As the dose of a drug increases, a maximal response or plateau is ... Dose-response relationship. As the dose of a drug increases, a maximal response or plateau is ...
British Output and Productivity Growth, 1760–1913 British Output and Productivity Growth, 1760–1913
A 60-kg skier starts from rest from the top of a 50-m high slope. If the work done by friction ... A 60-kg skier starts from rest from the top of a 50-m high slope. If the work done by friction ...
Video: Barriers - eye structures, digestive mucosa, respiratory mucosa & genitourinary mucosa

For a complete list of videos, visit our video library