MrMarsh Has a Stack of Information That He Has Gathered

question 53

Essay

Mr.Marsh has a stack of information that he has gathered for his historical-comparative research study,and several ideas and theories are beginning to emerge.He notices that he has primary and secondary sources that clearly conflict with each other on one of the topics with which he has the most interest.Should he "skip" the topic altogether? What if he wants to pursue the topic,what should he do?

---

Definitions:

Isoquants

Curves that represent combinations of different factors of production that yield the same level of output, used in production theory.

Slope

The measure of the steepness or incline of a line, often calculated as the ratio of the vertical change to the horizontal change between two points on the line.

Production Function

Describes the relationship between input factors - like labor and capital - and the output of goods or services they produce.

Isoquant

A curve that represents all combinations of inputs that result in the production of a given level of output.