The Automobile Revolution Resulted in All of the Following Except

question 109

Multiple Choice

The automobile revolution resulted in all of the following except

• A) the consolidation of schools.
• B) the increased dependence of women on men.
• C) the spread of suburbs.
• D) a loss of population in less attractive states.
• E) altered youthful sexual behavior.

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Definitions:

Isoquants

Isoquants are curves that represent combinations of various inputs that produce the same level of output, used in production theory to analyze input choices.

Input Prices

The cost of resources used in the production of goods and services.

MRTS

Marginal Rate of Technical Substitution, the rate at which one factor must decrease as another increases to keep output constant.

Isoquant Map

An isoquant map is a graph showing combinations of inputs that yield the same level of output, used in economics to depict production efficiencies and substitutability between inputs.