Multiple Choice
Isoquants are downward sloping because
A) as more units of an input are used to produce a product, total cost increases.
B) as more units of an input are used to produce a product, the firm's marginal productivity increases.
C) if more of one input is used, then less of the other input must be used to keep output constant.
D) Both B and C
Correct Answer:

Verified
Correct Answer:
Verified
Q145: Refer to Scenario 7.4 below to answer
Q146: Refer to the information provided in Figure
Q147: Refer to Scenario 7.1 below to answer
Q148: Refer to the information provided in Figure
Q149: Related to the Economics in Practice on
Q151: Refer to the information provided in Figure
Q152: The _ to produce any given level
Q153: Refer to the information provided in Figure
Q154: Assume the total product of three workers
Q155: The equation (MP<sub>L</sub>/P<sub>L</sub>) = (MP<sub>K</sub>/P<sub>K</sub>)<sub> </sub>represents<br>A) profit