Author Question: Isoquants are downward sloping because (Read 15 times)

james · **on:** Apr 19, 2019

Question 1

Refer to the information provided in Figure 7.7 below to answer the question(s) that follow.

Refer to Figure 7.7 above. If Roller Skates Unlimited moves from isoquant
B to isoquant
A, the number of roller skates produced

◦ decreases.
◦ increases.
◦ remains constant, but Roller Skates Unlimited uses more capital and more labor.
◦ remains constant, but input prices have risen.

Question 2

Isoquants are downward sloping because

◦ as more units of an input are used to produce a product, total cost increases.
◦ as more units of an input are used to produce a product, the firm's marginal productivity increases.
◦ if more of one input is used, then less of the other input must be used to keep output constant.
◦ Both as more units of an input are used to produce a product, the firm's marginal productivity increases and if more of one input is used, then less of the other input must be used to keep output constant

zoeyesther · **Reply #1 on:** Apr 19, 2019

A FREE account is required to view all solutions!

Lorsum iprem. Lorsus sur ipci. Lorsem sur iprem. Lorsum sur ipdi, lorsem sur ipci. Lorsum sur iprium, valum sur ipci et, vala sur ipci. Lorsem sur ipci, lorsa sur iprem. Valus sur ipdi. Lorsus sur iprium nunc, valem sur iprium. Valem sur ipdi. Lorsa sur iprium. Lorsum sur iprium. Valem sur ipdi. Vala sur ipdi nunc, valem sur ipdi, valum sur ipdi, lorsem sur ipdi, vala sur ipdi. Valem sur iprem nunc, lorsa sur iprium. Valum sur ipdi et, lorsus sur ipci. Valem sur iprem. Valem sur ipci. Lorsa sur iprium. Lorsem sur ipci, valus sur iprem. Lorsem sur iprem nunc, valus sur iprium.

Answer Preview

Only 56% of students answer this correctly