Author Question: There are more poor whites than poor blacks in the U.S. Indicate whether the statement is true or ... (Read 32 times)

mpobi80 · **on:** Jul 1, 2018

There are more poor whites than poor blacks in the U.S.

Indicate whether the statement is true or false

Question 2

A construction company builds roads with machinery (capital, K) and labor (L).

If we plot the isoquants for the production function so that labor is on the horizontal axis, then a point on the isoquant with a small MRTS (in absolute value) is associated with high ________ use and low ________ use. A) labor, capital
B) capital, labor
C) concrete, gravel
D) none of the above