Why must an isoquant be downward sloping when both labor and capital have positive marginal products?

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Microeconomics

ISBN: 978-0073375854

2nd edition

Authors: Douglas Bernheim, Michael Whinston

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Question Posted: Mar 17, 2016 04:52 AM

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Why must an isoquant be downward sloping when both labor and capital have positive marginal products?

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If the marginal product of labor is positive then when we ...View the full answer

Microeconomics

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