The Slope of an Isoquant Measures

question 150

Multiple Choice

The slope of an isoquant measures

• A)the price ratio of the two inputs.
• B)the average product of labor.
• C)the ratio of the marginal utility of the two inputs.
• D)the rate at which inputs can be substituted for each other keeping total output constant.

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Definitions:

Median Nerve

A major nerve of the upper limb, running down the arm and forearm, involved in sensation and motor control of the hand.

Biceps Brachii

A muscle of the upper arm responsible for the flexion of the elbow and rotation of the forearm.

Intrinsic Hand Muscles

The muscles located within the hand that are responsible for fine motor movements and control of the fingers.

Effector Organ

An organ that responds to stimulation by a nerve impulse resulting in a specific action or secretion.