-As You Move from Input Combination a to Input Combination

question 82

Multiple Choice

-As you move from input combination A to input combination C,

• A) output is unchanged.
• B) cost is unchanged.
• C) the marginal rate of technical substitution increases.
• D) both a and b
• E) all of the above

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Definitions:

Positive Integers

Natural numbers greater than zero (1, 2, 3, ...).

Exponents

Mathematical notation indicating the number of times a base number is multiplied by itself.

Indicated Operations

The mathematical operations that are suggested or required to solve a problem, based on the symbols and terms presented.

Multiply

An arithmetic operation that combines two numbers to get a product.