If a firm moves from one point on a production isoquant to another point on the same isoquant, which of the following will certainly not happen?
A) A change in the level of output
B) A change in the ratio in which the inputs are combined
C) A change in the marginal products of the inputs
D) A change in the rate of technical substitution
E) A change in profitability
Correct Answer:
Verified
Q13: If the marginal product of each factor
Q14: A production function has well-defined marginal products
Q15: The production function f(x, y)= x +y
Q16: A firm has two variable factors and
Q17: It is possible to have decreasing marginal
Q19: The production set of a firm is
Q20: The economist's distinction between the long run
Q21: A firm has the production function f(X,
Q22: A firm has the production function f(X,
Q23: A firm has the production function f(x,
Unlock this Answer For Free Now!
View this answer and more for free by performing one of the following actions
Scan the QR code to install the App and get 2 free unlocks
Unlock quizzes for free by uploading documents