Assume That Capital Is Represented by the Vertical Axis and Labour

question 45

Multiple Choice

Assume that capital is represented by the vertical axis and labour is represented by the horizontal axis. The steeper an isoquant is

• A) the larger the marginal productivity of labour relative to that of capital.
• B) the greater is the substitutability between capital and labour.
• C) the larger the marginal productivity of capital relative to that of labour.
• D) the greater is the budget available to the firm.

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Definitions:

Second Messengers

Molecules that relay signals received at receptors on the cell surface to target molecules in the cytosol or nucleus.

Neurotransmitters

Chemical messengers in the brain and body that transmit signals across synapses from one neuron to another, influencing mood, thought, and behavior.

Tricyclics

A class of antidepressant medications used primarily to treat depression, characterized by their chemical structure and mechanism of action.

Lithium

A chemical element used primarily in the treatment of bipolar disorder to stabilize mood and reduce the risk of suicide.