One Way to Explain the Convexity of Isoquants Is to Say

question 64

Multiple Choice

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

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

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