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Author Question: The slope of an isoquant tells us A) how much output increases when both inputs are increased. ... (Read 218 times)

brutforce

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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
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Ptupou85

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Reply #1 on: Jul 1, 2018
Answer to Question 1

C

Answer to Question 2

C


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