Which of the Following Statements Is False

question 5

Multiple Choice

Which of the following statements is false?

• A)Perfect substitutes are associated with linear isoquants.
• B)Perfect complements are associated with right-angled isoquants.
• C)The elasticity of substitution can be positive or negative.
• D)The more two factors are substitutes in the firm's production function, the greater is the elasticity of substitution.
• E)Perfect substitutes do not need to be employed in a 1-to-1 ratio by the firm.

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