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An Examination of the Production Isoquants in the Diagram Below

Question 77

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An examination of the production isoquants in the diagram below reveals that: An examination of the production isoquants in the diagram below reveals that: A) capital and labor must be used in fixed proportions. B) capital and labor are perfectly substitutable. C) except at the corners of the isoquants the MRTS is constant. D) Both B and C are correct. E) none of the above


A) capital and labor must be used in fixed proportions.
B) capital and labor are perfectly substitutable.
C) except at the corners of the isoquants the MRTS is constant.
D) Both B and C are correct.
E) none of the above

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