Isoquants Are Usually Drawn Convex When Viewed from the Origin

question 37

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

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Definitions:

Stratum Lucidum

A thin, translucent layer of the epidermis located just above the stratum granulosum and below the stratum corneum, found primarily in the palms and soles.

Stretch Marks

Lines or streaks on the skin, often appearing when the skin is stretched rapidly due to growth spurts, weight gain, or pregnancy, indicative of tearing in the dermis.

Dermis

The layer of skin situated beneath the epidermis, containing nerve endings, sweat and sebaceous glands, and blood and lymph vessels.

Papillary Layer

The uppermost layer of the dermis, directly beneath the epidermis, containing loose connective tissue and capillaries, which nourish the epidermis and house touch and pain receptors.