题目
题目

ECON3200001.1251 Homework Assignment 7

单项选择题

If labor and capital are perfect complements in production, the isoquant is a downward-sloping line

选项
A.False
B.True
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标准答案
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思路分析
The question asks about the shape of the isoquant when labor and capital are perfect complements in production. Option 1: False. When inputs are perfect complements, they are used in fixed, constant proportions. This leads to an isoquant tha......Login to view full explanation

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Graph the isoquant for which Q=100 given the production function  Q = L0.5K0.5. Can we produce 100 units using only capital?

Which of the following statements is (are) TRUE? I. If labor and capital are perfect substitutes in production, the isoquant is a downward-sloping line.  II. If a company needs to use inputs in fixed proportion such that the capital to labor ratio is always 2, the  firm's isoquants are L-shaped. III. If the production function is given by Q = min(14, 7), the firm can produce, at most, 21 units of  output.

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Which of the following statements is (are) TRUE?   I. If labor and capital are perfect substitutes in production, the isoquant is a downward-sloping line.  II. If a company needs to use inputs in fixed proportion such that the capital to labor ratio is always 2, the firm's isoquants are L-shaped. III. If the production function is given by Q = min(14, 7), the firm can produce, at minimum, 21 units of output.

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