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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Definitions:

PKU

Phenylketonuria, a genetic disorder resulting from the inability to metabolize the amino acid phenylalanine, leading to developmental problems if not treated.

Color-blindness

A deficiency in the way one sees color, making it difficult to distinguish certain shades or colors.

Tongue Curling

The ability to roll or curl the tongue into a U-shape, which is believed to be partly influenced by genetics.

Mental Retardation

An outdated and insensitive term historically used to describe individuals with significant intellectual disabilities.