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Author Question: Lectures in microeconomics can be delivered either by an instructor (labor) or a movie (capital) or ... (Read 99 times)

kshipps

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on: Jun 18, 2019


Lectures in microeconomics can be delivered either by an instructor (labor) or a movie (capital) or any combination of both. Each minute of the instructor's time delivers the same amount of information as a minute of the movie. Which graph in the above figure best represents the isoquants for lectures in microeconomics when capital per day is on the vertical axis and labor per day is on the horizontal axis?
◦ Graph A
◦ Graph B
◦ Graph C
◦ Graph D
Microeconomics ¦ Perloff ¦ 8th Edition
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apple

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Reply #1 on: Jun 18, 2019
Graph C


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kshipps

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Reply #2 on: Jun 18, 2019
TY


apple

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Reply #3 on: Jun 18, 2019
You're welcome


B

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Reply #4 on: Jun 18, 2019


Lectures in microeconomics can be delivered either by an instructor (labor) or a movie (capital) or any combination of both. Yet, it gets harder and harder to substitute more movies for an instructor the more movies are already used. Which graph in the above figure best represents the isoquants for lectures in microeconomics when capital per day is on the vertical axis and labor per day is on the horizontal axis?
◦ Graph A
◦ Graph B
◦ Graph C
◦ Graph D


Kjones0604

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Reply #5 on: Jun 18, 2019
Graph B


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