Figure 11-12

-Refer to Figure 11-12.The movement from isoquant T to isoquant U depicts
A)a change in preferences with regards to input usage.
B)an increase in the cost of production.
C)an increase in output.
D)an increase in labor usage holding capital and output constant.

Question

Figure 11-12
 
-Refer to Figure 11-12.The movement from isoquant T to isoquant U depicts
A)a change in preferences with regards to input usage. 
B)an increase in the cost of production. 
C)an increase in output. 
D)an increase in labor usage holding capital and output constant.

Quizplus · Accepted Answer

The movement from isoquant T to isoquant U represents an increase in output, as isoquants further from the origin indicate higher levels of output.

Figure 11-12 -Refer to Figure 11-12.The Movement from Isoquant T to Isoquant