Isoquants Usually Slope Downward (From Left to Right)because

question 21

Multiple Choice

Isoquants usually slope downward (from left to right) because:

• A) marginal products are usually positive.
• B) marginal products are always positive.
• C) marginal products will eventually decrease.
• D) marginal products are always increasing.
• E) average products are usually less than marginal products.

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Definitions:

Term Deposits

Fixed amount of money held at a financial institution for a fixed term, earning a guaranteed interest rate.

Simple Interest

Simple interest is a method of calculating the interest charge on a loan based on the original principal amount and the interest rate, without compounding.

Equivalent

Equal in value, amount, function, meaning, etc., often used in mathematics and chemistry.

Per Annum

A Latin term meaning "per year," often used in financial contexts to describe rates or amounts calculated over a yearly basis.