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Refer to Figure 7.4.This Isoquant Exhibits

Question 49

Multiple Choice

Refer to Figure 7.4.This isoquant exhibits: Refer to Figure 7.4.This isoquant exhibits:   A)  increasing MRTS<sub>LK</sub> as we move to the southeast along the isoquant. B)  declining MRTS<sub>LK</sub> as we move to the northwest along the isoquant. C)  constant MRTS<sub>LK</sub> as we move along the isoquant. D)  declining MRTS<sub>LK</sub> as we move to the southeast along the isoquant.


A) increasing MRTSLK as we move to the southeast along the isoquant.
B) declining MRTSLK as we move to the northwest along the isoquant.
C) constant MRTSLK as we move along the isoquant.
D) declining MRTSLK as we move to the southeast along the isoquant.

Correct Answer:

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