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An Examination of the Production Isoquants in the Diagram Below

question 62

Multiple Choice

An examination of the production isoquants in the diagram below reveals that: An examination of the production isoquants in the diagram below reveals that: A) capital and labor must be used in fixed proportions. B) capital and labor are perfectly substitutable. C) except at the corners of the isoquants the MRTS is constant. D) Both B and C are correct. E) none of the above

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