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.

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Definitions:

Forefront

The leading or most important position or place, often used in the context of being at the forefront of a particular field or movement.

Movement

An act of changing physical location or position or of having this changed.

Cotton Gin

A machine invented by Eli Whitney in 1793 that quickly and efficiently removed seeds from cotton fibers, revolutionizing the cotton industry and significantly impacting the institution of slavery in the United States.

Slave Labor

Work done under force without proper remuneration, often under extremely harsh conditions, primarily referred to in the context of African slaves in the Americas during the colonial and antebellum periods.