Isoquants Slope Downward Because

question 87

Multiple Choice

Isoquants slope downward because:

• A) average total costs decline.
• B) as less of one input is used, more of another must be used if output is to remain constant.
• C) as less of one input is used, more of another must be used if costs are to remain constant.
• D) the marginal rate of substitution increases.

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Definitions:

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