Multiple Choice
Labor and agrochemicals are:
A) complements in production
B) substitutes in production
C) neither complements nor substitutes in production
D) both complements and substitutes in production
Correct Answer:

Verified
Correct Answer:
Verified
Q14: Perfect substitutes:<br>A) do not exist in the
Q15: An isoquant is:<br>A) all combinations of two
Q16: MRTS is equal to:<br>A) ΔX<sub>2</sub>/ΔX<sub>1</sub><br>B) Δ1</sub>/ΔX<sub>2</sub><br>C) ΔY/ΔX<br>D)
Q17: Define and explain MRTS carefully.
Q18: In sub-Saharan Africa, the choice of labor
Q20: Equilibrium is:<br>A) ceteris paribus<br>B) sanity; balance<br>C) a
Q21: The choice of techniques depends on:<br>A) managerial
Q22: Perfect substitutability of inputs is:<br>A) the most
Q23: The slope of the isoquant is:<br>A) the
Q24: Managers of agribusiness firms can substitute inputs