The Steeper an Isoquant Is

question 12

Multiple Choice

The steeper an isoquant is,

• A) the greater is the marginal productivity of labor relative to that of capital.
• B) the greater is the substitutability between capital and labor.
• C) the greater is the need to keep capital and labor in fixed proportions.
• D) the greater is the level of output.

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Definitions:

Poor Validity

Refers to a lack of accuracy in measuring what a test or research study is designed to measure, questioning the results' trustworthiness.

Poor Reliability

Referring to the lack of consistency or dependability in the results of a test, measurement, or research finding.

Experimental Group

In an experiment, the group exposed to a variable that is manipulated, the independent variable.

Independent Variable

In an experiment, the variable that is manipulated.