Which of the following is NOT a property of isoquants?
A) They do not cross.
B) The closer they are to the origin, the higher the level of output.
C) They have a downward slope.
D) They are "thin."
B
Economics
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The type of unemployment caused by changes in the business cycle is
What will be an ideal response?
Economics
Suppose that when a particular firm decreases its price its total revenue decreases. What kind of demand does this particular firm face?
A. Demand is price inelastic. B. Demand is price elastic. C. Demand is unit elastic. D. Demand is perfectly price elastic.
Economics