To Say That Isoquants Are Convex Is to Say That

question 5

Multiple Choice

To say that isoquants are convex is to say that

• A) the marginal rate of technical substitution falls as labor increases.
• B) capital and labor are perfect substitutes.
• C) labor, but not capital, is subject to the law of diminishing marginal returns.
• D) there are constant returns to scale.

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Definitions:

Moral Treatment

An approach to mental health care in the 18th and 19th centuries that emphasized humane and respectful techniques.

Dorothea Dix

A pioneering advocate for the mentally ill in the 19th century, who played a key role in the creation of the first generation of American mental asylums.

Discrete Disorders

Mental or physical health conditions with specific, identifiable symptoms and diagnostic criteria.

Modern Classification

The contemporary systems and methods used for categorizing and organizing entities based on shared characteristics and standards, particularly in science and technology.