With capital on the vertical axis and labor on the horizontal axis, vertical isoquants imply that
A) capital and labor are perfect substitutes.
B) capital and labor must be used together in a certain proportion.
C) capital is not productive.
D) labor is not productive.
C
Economics
You might also like to view...
Any custodial parent who applies for federally funded welfare must agree to help in the collection of eligible child support, and assign all rights to payments to the welfare agency
Indicate whether the statement is true or false
Economics
Of the English-owned joint stock companies that operated in North America, which was the only one to survive longer than 20 years?
a. The London Company b. The New Plymouth Company c. The Hudson Bay Company d. The Massachusetts Bay Company
Economics