Multiple Choice
If isoquants are drawn as straight lines,it implies that:
A) the two inputs are perfect substitutes for each other.
B) the MRTS is decreasing.
C) that the inputs must be used in fixed proportions.
D) the MRTS is zero.
Correct Answer:

Verified
Correct Answer:
Verified
Related Questions
Q57: The long-run refers to:<br>A)a time period of
Q58: The fact that limited use of caffeine
Q59: When the marginal and average products of
Q60: A carpenter hammers nails each day at
Q61: Use the following figure to answer the
Q63: If a firm doubles its usage of
Q64: The ratio of total product to the
Q65: Consider the following Cobb-Douglas production function,T =
Q66: The fact that a large-scale operation can
Q67: For the production function Q = Q(L),the