Which of the Following Is FALSE

question 10

Multiple Choice

Which of the following is FALSE?

• A)A change in input prices shifts the isoquant map.
• B)Convex isoquants mean that the marginal rate of technical substitution decreases as the firm substitutes labor for capital.
• C)A change in cost shifts the isocost curve.
• D)At the optimal input choice,the rate at which the firm can substitute labor for capital in production is equal to the rate at which the firm can substitute labor for capital in the market.
• E)none of the above.

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Definitions:

Unethical Behaviour

Actions that violate moral guidelines, principles, or standards within a specific context, such as business or professional practices.

Decision-Makers

Individuals or groups responsible for making choices or judgments in organizations or systems.

Interpretive Frame

An interpretive frame is a set of perspectives or lenses through which individuals understand or make sense of various phenomena or situations.

Unethical Behaviour

Actions that violate moral or professional guidelines, standards, or principles, often causing harm or disadvantage to others.