If Two Inputs Can Be Substituted for Each Other at Different

question 36

Multiple Choice

If two inputs can be substituted for each other at different rates while maintaining the same output level, then:

• A) the inputs are perfect substitutes.
• B) the inputs are imperfect substitutes.
• C) the inputs are not substitutable.
• D) the amount of each input is the same along an isoquant.
• E) none of the above.

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