Assume That Labor Is Measured Along the Horizontal Axis and Capital

question 44

Multiple Choice

Assume that labor is measured along the horizontal axis and capital is measured along the vertical axis. If the $MR T S_{L ,K}$ =
decreases as we move inward toward the origin along the ray (slope of the isoquant becomes flatter) , we are observing

• A) neutral technological progress.
• B) labor-saving technological progress.
• C) capital-saving technological progress.
• D) both labor-saving and capital-saving technological progress.

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Definitions:

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Nervous System

The network of nerve cells and fibers that transmits nerve impulses between parts of the body, responsible for coordinating and controlling body activities.