Multiple Choice
Isoquants are usually drawn convex when viewed from the origin,reflecting the standard assumption
A) that both factors are subject to the law of diminishing returns.
B) that the variable factor is subject to the law of diminishing returns.
C) the positive marginal productivity of all factors.
D) negative marginal productivity of all factors.
E) that both factors are subject to increasing returns.
Correct Answer:

Verified
Correct Answer:
Verified
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Q17: TABLE 8-1<br> <img src="https://d2lvgg3v3hfg70.cloudfront.net/TB5441/.jpg" alt="TABLE 8-1
Q18: <img src="https://d2lvgg3v3hfg70.cloudfront.net/TB5441/.jpg" alt=" FIGURE 8-4 -Refer
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Q20: <img src="https://d2lvgg3v3hfg70.cloudfront.net/TB5441/.jpg" alt=" FIGURE 8-4 -Refer
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