One Way to Explain the Convexity of Isoquants Is to Say

question 55

Multiple Choice

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

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

---

Definitions:

Verbal Comprehension

The capacity to understand, interpret, and analyze spoken or written language.

Perceptual Reasoning

The ability to use information obtained through the senses, especially sight, to solve problems, understand spatial relationships, and perceive visual details.

Fluid Intelligence

The capacity to think logically and solve problems in novel situations, independent of acquired knowledge.

Reason

The cognitive process of looking for reasons, forming conclusions, judgments, or inferences based on logical premises or evidence.