-Which Graph in the Above Figure Represents the Isoquants Where

question 27

Multiple Choice

-Which graph in the above figure represents the isoquants where, as the amount of labor used increases and the amount of capital used decreases, the marginal product of labor rises (units of capital per day is on the vertical axis and units of labor per day is on the horizontal axis) ?

• A)Graph A
• B)Graph B
• C)Graph C
• D)Graph D

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Definitions:

Manufacturer

A manufacturer is a person or company that makes goods for sale, often involving the use of raw materials, machinery, and labor to produce finished products.

Landscape

The visible features of an area of land, including the physical elements of landforms, water bodies, living elements, and human elements such as structures and buildings.

Revocation

The act of withdrawing, cancelling, or rescinding a right, offer, contract, or privilege.

Contract Exist

The state in which an agreement has the necessary elements of offer, acceptance, and consideration, making it legally enforceable.