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An Isorevenue Line Is

Question 43

Question 43

Multiple Choice

An isorevenue line is:

A) convex to the origin
B) concave to the origin
C) horizontal
D) linear

Correct Answer:

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Related Questions

Q38: If the price of an output increases,

Q39: The MRPS is:
A) the rate at that

Q40: In equilibrium:
A) MRPS = slope of isorevenue

Q41: The MRPS is equal to:
A) ΔY₂/ΔY₁
B) ΔX₂/ΔX₁
C)

Q42: The isorevenue line is:
A) a line depicting

Q44: If ΔY₂P₂ > ΔY₁/P₁ then:
A) the

Q45: If ΔY₂/ΔY₁ > ΔY₂/ΔY₁ then:
A) the firm

Q46: In the real world, agribusiness firms:
A) cannot

Q47: A change in relative prices will affect

Q48: Technological change will affect the:
A) PPF
B) isorevenue

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