Multiple Choice
Figure 6.3.3
-Refer to Figure 6.3.3 above. An examination of the production isoquants in the diagram below reveals that:
A) capital and labor will be used in fixed proportions.
B) capital and labor are perfectly substitutable.
C) the MRTS is constant.
D) Both B and C are correct.
E) none of the above
Correct Answer:
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