If inputs into production cannot be substituted for each other but have to be employed in fixed proportions isoquants are straight,downward-sloping lines.

Name: If inputs into production cannot be substituted for each other but have to be employed in fixed proportions isoquants are straight,downward-sloping lines.
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Question

Quizplus · Accepted Answer

Isoquants are straight lines when inputs are perfect substitutes.When input relations are fixed they are right angles.

If Inputs into Production Cannot Be Substituted for Each Other