Isoquants Are Usually Drawn Convex When Viewed from the Origin,reflecting

question 41

Multiple Choice

Isoquants are usually drawn convex when viewed from the origin,reflecting the standard assumption

• A)that both factors are subject to the law of diminishing returns.
• B)negative marginal productivity of all factors.
• C)the positive marginal productivity of all factors.
• D)that the variable factor is subject to the law of diminishing returns.
• E)that both factors are subject to increasing returns.

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Definitions:

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Fundamental or existential inquiries that individuals ponder about their existence, purpose, or the nature of life.

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The tendency to judge or interpret behaviors, cultures, or phenomena through the lens of one's own culture.

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