Multiple Choice
The slope of the isoquant is:
A) the price ratio
B) the marginal rate of product substitution
C) the marginal rate of technical substitution
D) the law of diminishing returns
Correct Answer:
Verified
Correct Answer:
Verified
Q18: In sub-Saharan Africa, the choice of labor
Q19: Labor and agrochemicals are:<br>A) complements in production<br>B)
Q20: Equilibrium is:<br>A) ceteris paribus<br>B) sanity; balance<br>C) a
Q21: The choice of techniques depends on:<br>A) managerial
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Q27: Use graphs to demonstrate perfect substitutes and
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