Question: please answer Question 4 Write whether each statement is True, False of Uncertain. Fully explain your answer. (I) (5 points) If S and F are
please answer

Question 4 Write whether each statement is True, False of Uncertain. Fully explain your answer. (I) (5 points) If S and F are perfect complements, you must be indifferent between these two bundles: 1) One unit of S and one unit of F 2) Two units of S and one unit of F. (2) (5 points) When market demand and supply shift in the opposite directions, we can unambiguously say how the equilibrium price and quantity change. (3) (5 points) As long as the marginal product of labor is increasing, the average product of labor is increasing. (4) (5 points) Isoquant curves are atter when the production technoiogy exhibits decreasing returns to scale, compared to when the production technology exhibits increasing returns to scale
Step by Step Solution
There are 3 Steps involved in it
Get step-by-step solutions from verified subject matter experts
