If a Firm Moves from One Point on a Production

question 49

Multiple Choice

If a firm moves from one point on a production isoquant to another point on the same isoquant, which of the following will certainly not happen?

• A)A change in the level of output
• B)A change in the ratio in which the inputs are combined
• C)A change in the marginal products of the inputs
• D)A change in the rate of technical substitution
• E)A change in profitability

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Definitions:

Affirmative Subalternate

A proposition that is universally affirmative, implying a particular affirmative proposition as well.

Subcontraries

In the traditional square of opposition, a pair of propositions that, in virtue of their logical form, could both be true but could not both be false (I and O).

Universal

A characteristic or condition that applies to everything or everyone.

Rascally

Describing behavior that is playfully mischievous or dishonest, often in a benign or amusing way.