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smithc52 smithc52
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A year ago
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: 17th
Author:
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jbeejbee
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A year ago
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