Which of the Following Is FALSE

question 44

Multiple Choice

Which of the following is FALSE?

• A)A change in input prices shifts the isoquant map.
• B)Convex isoquants mean that the marginal rate of technical substitution decreases as the firm substitutes labor for capital.
• C)A change in total cost shifts the isocost curve.
• D)At the optimal input choice,the rate at which the firm can substitute labor for capital in production is equal to the rate at which the firm can substitute labor for capital in the market.
• E)none of the above.

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Definitions:

Resistant

The quality of being opposed to or defending against something, especially change or adverse conditions.

Strongly Identify

The degree to which an individual aligns themselves with and feels a part of a particular group, cause, or belief.

Resist Change

The reluctance or refusal to accept new ideas, behaviors, or practices, often due to discomfort or fear of the unknown.

Supporters

Individuals or groups that provide backing, assistance, or endorsement to a cause, person, or organization.