Isoquants Are Downward Sloping Because

question 150

Multiple Choice

Isoquants are downward sloping because

• A) as more units of an input are used to produce a product, total cost increases.
• B) as more units of an input are used to produce a product, the firm's marginal productivity increases.
• C) if more of one input is used, then less of the other input must be used to keep output constant.
• D) Both B and C

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Definitions:

Income

The money received, especially on a regular basis, for work or through investments.

Health Care Quality

The degree to which health services for individuals and populations increase the likelihood of desired health outcomes and are consistent with current professional knowledge.

Yield

The income return on an investment, such as the interest or dividends received from holding a particular security.

Wheat Varieties

Different strains or types of wheat cultivated for various qualities such as yield, disease resistance, and adaptability to environmental conditions.