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Author Question: Movement from one point to another along an isoquant implies a change in (Read 68 times)

ShannenConnor

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on: Oct 12, 2022

Question 1

What does the slope of an isoquant measure?
◦ the average capital/labour ratio
◦ the ratio of prices of goods
◦ the marginal rate of (technical) substitution between factors
◦ the marginal cost of a given level of output
◦ the ratio of prices of inputs

Question 2

Movement from one point to another along an isoquant implies a change in
◦ output levels, holding factor combinations constant.
◦ the level of output, independent of what happens to factor combinations.
◦ product prices.
◦ factor combinations, holding output constant.
◦ money income.
Microeconomics ¦ Ragan ¦ 17th Edition
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Marked as best answer by ShannenConnor on Oct 12, 2022

Snabbey

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Reply #1 on: Oct 12, 2022
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.
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ShannenConnor

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Reply 2 on: Oct 12, 2022
Excellent

Kedrick2014

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Reply 3 on: Yesterday
Thanks for the timely response, appreciate it

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