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If the Isoquants in an Isoquant Map Are Downward Sloping

Question 121

Multiple Choice

If the isoquants in an isoquant map are downward sloping but bowed away from the origin (i.e., concave to the origin) , then the production technology violates the assumption of:


A) technical efficiency.
B) free disposal.
C) diminishing marginal returns.
D) positive average product.

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