An Isoquant Map,with Labor on the Horizontal Axis and Capital

question 36

Multiple Choice

An isoquant map,with labor on the horizontal axis and capital on the vertical axis,has horizontal isoquants.This implies that the:

• A)marginal product of capital is zero.
• B)marginal rate of substitution of capital for labor approaches infinity.
• C)marginal product of labor is zero.
• D)marginal rate of substitution of capital for labor is positive.

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Definitions:

Negative Response Set

A tendency to consistently respond negatively to questions or items in personality assessments or questionnaires.

Personality Inventory

A questionnaire or assessment tool used to evaluate personality traits and characteristics.

Social Desirability Bias

The tendency of survey respondents to answer questions in a manner that will be viewed favorably by others, often leading to overreporting of "good" behavior or underreporting of "bad" behavior.

Reaction Formation

A defense mechanism where an individual acts in a manner opposite to their actual feelings or desires, often due to guilt or societal pressures.