Question: '7. Isoquants can be convex, linear, or L-shaped. What does each of these shapes tell you about the nature of the production function? What does

'7. Isoquants can be convex, linear, or L-shaped. What does each

of these shapes tell you about the nature of the production function?

'7. Isoquants can be convex, linear, or L-shaped. What does each of these shapes tell you about the nature of the production function? What does each of these shapes tell you about the MRTS

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