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Which of the following is indicated by the downward slope of an isoquant?

smithc52

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Which of the following is indicated by the downward slope of an isoquant?

Which of the following is indicated by the downward slope of an isoquant?

▸ a change in relative factor prices, with output held constant

▸ the diminishing marginal productivity of a fixed factor

▸ the diminishing marginal productivity of a variable factor

▸ that a reduction in the use of one factor requires an increase in the use of the other factor in order to keep output constant

▸ that each factor input has a negative marginal productivity

Textbook

Microeconomics

Microeconomics

Edition: 17^th

Author: Ragan

Read 48 times

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jbee

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smithc52 Author

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2 years ago

Thanks

gma_of_7

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Yesterday

Brilliant ツ

Helpmeplease11

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2 hours ago

Good timing, thanks!

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