The Slope of a Typical Isoquant Is Negative Because to Produce

question 40

Multiple Choice

The slope of a typical isoquant is negative because to produce a given output, a producer

• A)will use more of one input only if it uses more of another.
• B)can use less of one input only if the productivity of that input increases
• C)can use less of one input only if it uses more of another.
• D)will use more of one input only if the price of that input falls.

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Definitions:

Personal Unconscious

According to Carl Jung, the layer of the unconscious that houses material which is not within one's conscious awareness but is personal to the individual.

Repressed Thoughts

Unconscious defense mechanisms where distressing thoughts and memories are blocked from conscious awareness.

Undeveloped Ideas

Concepts or thoughts that have not been fully thought out, explored, or expanded upon to reach their potential understanding or application.

Oedipus Conflict

A psychoanalytic theory, proposed by Freud, which suggests a child feels desire for the opposite-sex parent and jealousy and rivalry toward their same-sex parent.