An Isoquant Is Negatively Sloped Because

question 29

Multiple Choice

An isoquant is negatively sloped because

• A) labor is productive and capital is not
• B) both labor and capital are costly
• C) labor and capital can replace each other in production
• D) labor and capital can replace each other in expenditure
• E) the ratio of marginal productivities rises, then falls

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Definitions:

Breached

The violation of a law, duty, or agreement.

Writing Contracts

The process of formally documenting agreements between parties in written form, ensuring legal enforceability and clarity of terms.

Tender Delivery

The process of formally presenting goods or documents to a designated party, often in fulfillment of a contractual obligation.

Consequential Damage

Indirect losses that occur as a result of a breach of contract or other wrongful act, beyond the immediate damage or loss incurred.