Multiple Choice
The slope of a typical isoquant is negative because to produce a given output, a producer
A) will use more of one input only if it uses more of another.
B) can use less of one input only if the productivity of that input increases
C) can use less of one input only if it uses more of another.
D) will use more of one input only if the price of that input falls.
Correct Answer:
Verified
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