Multiple Choice
When a production function can be expressed as the relationship between capital and labor in the production function is that:
A) capital and labor are perfect substitutes, and the isoquants are linear.
B) capital and labor must be combined in fixed proportions, and the isoquants are L-shaped.
C) capital and labor are substitutable, and the isoquants are convex to the origin.
D) capital and labor are perfect substitutes, and the isoquants are L-shaped.
Correct Answer:

Verified
Correct Answer:
Verified
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