-The Slope of an Isoquant

question 127

Multiple Choice

-The slope of an isoquant

• A)gives the substitutability of inputs while keeping output constant.
• B)shows how output varies while keeping inputs constant.
• C)is independent of the marginal product of capital.
• D)shows the firm's returns to scale.

---

Definitions:

Income Inequality

Inequitable apportionment of income among household or personal entities within an economic framework.

Highly Skilled Workers

Individuals with advanced qualifications, experience, and skills in their respective fields, making them critically important for industry innovation and competitiveness.

Immigration

Immigration is the action of people moving to a country other than their native one with the intention to settle there.

Marginal Utility

The extra pleasure or advantage gained by a consumer from using an additional unit of a product or service.