One Way to Explain the Convexity of Isoquants Is to Say

question 118

Multiple Choice

One way to explain the convexity of isoquants is to say that

• A) as labor increases and capital decreases, rises while falls.
• B) as labor increases and capital decreases, falls while rises.
• C) as labor increases and capital decreases, and both fall.
• D) as labor increases and capital decreases, and both rise.

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Definitions:

Pneumatic ABS

An Anti-lock Braking System for air-braked vehicles, particularly large trucks and buses, that prevents wheel lockup during braking.

Reluctor Wheel

A component in an electronic ignition system that works with a sensor to produce a signal, used for determining the engine's position or speed.

Dynamic Footprint

The area of contact and interaction between a moving object, like a tire, and the surface it is on, affecting traction and wear.

Tire Rotation

The practice of moving the wheels and tires of a vehicle from one position to another to ensure even tire wear.