The typical shape of an isoquant is
A) linear and upward sloping. B) convex towards the origin.
C) concave towards the origin. D) linear and downward sloping.
B
Economics
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A production possibility graph slopes down because of:
a. the law of increasing costs. b. nonhomogeneous resources. c. inefficiency. d. improper output mix. e. unemployment.
Economics
One way to bring the inflation rate down is
a. to reduce excessive competition b. to increase government spending c. to aggregate across markets d. for the government to purposely cause a severe recession e. to reduce taxes
Economics