So B is correct.The slope of isoquant curve is equal to marginal rate of technical substitution, while the slope of isocost curve is equal to the ratio of input prices. So according to A, C is just another way to express this idea. C is also correct.The correct answer is D. ...
(Cobb Douglas technology) The slope of the isoquant is the Marginal Rate of Technical Substitution (MRTS) and represents the rate at which nurse and physician hours can be exchanged while still maintaining output.鈥揟he rate of substitution varies along the isoquant; at Y to replace 1 unit ...
Explain graphically how isoquant-isocost analysis can be used to derive long-run labor demand curve. Distinguish between the substitution and output effects. Isoquant: Isoquant shows the relationship between two or more inputs t...
Isoquant: An isoquant describes the possible combination of labor and capital which produce the same level of output. Defn. The Marginal Rate of Technical Substitution: The slope of an isoquant is the negative of the ratio of marginal products. The absolute value of the slope of an isoquant...
QUESTION 10 Assume that MPK=2,555 and that the slope of the Isoquant is equal to -579. What is MPL? (hint: use only positive numbers) Draw the indifference curves for two types of coins: quarters and dollars. What is their slope? Explain. Import Function slopes up, down, ...
clearly labelled isoquant/isocost diagram. In particular, illustrate and explain. i. The intercepts and slope of the initial isocost. ii. The initial cost minimising method of producing 1500 units of output. iii. The intercepts and slope...
1.a line or plane that touches but does not intersect a curve or surface at a point so that it is closer to the curve or surface in the vicinity of the point than any other line or plane drawn through the point. 2.Also calledtan.a fundamental trigonometric function that, in a right...
A production isoquant is a locus of combinations of inputs that are equally profitable. A. 对 B. 错 查看完整题目与答案 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 scientific study of artery: () A.arteriology B.arteriosclerosis C.cardiovasology 查看答案
490、Isoquant等产量见等产量曲线(equalproductcurve) 491、Keynesianeconomics凯恩斯经济学由约翰•梅纳德•凯恩斯开创的一套经济理论认为资本主义体系不能自动地趋向充分就业的均衡根据凯恩斯的观点,运用财政政策或货币政策能够提高总需求,可以医治非充分就业的均衡 492、Keynesianschool凯恩斯学派见凯恩斯主义经济学Keynesian...