Why must isoquants be thin?
Question:
Fantastic news! We've Found the answer you've been seeking!
Step by Step Answer:
Answer rating: 50% (4 reviews)
If an isoquant were thick it would impl...View the full answer
Answered By
Nyron Beeput
I am an active educator and professional tutor with substantial experience in Biology and General Science. The past two years I have been tutoring online intensively with high school and college students. I have been teaching for four years and this experience has helped me to hone skills such as patience, dedication and flexibility. I work at the pace of my students and ensure that they understand.
My method of using real life examples that my students can relate to has helped them grasp concepts more readily. I also help students learn how to apply their knowledge and they appreciate that very much.
4.00+
1+ Reviews
10+ Question Solved
Related Book For
Microeconomics Theory and Applications with Calculus
ISBN: 978-0133019933
3rd edition
Authors: Jeffrey M. Perloff
Question Posted:
Students also viewed these Economics questions
-
In recent years, the use of mobile computing devices in production processes of many types has increased tremendously. New software applications have been created to solve business and engineering...
-
Assume that the marginal product of each input employed by Microsoft depends only on the quantity of that input employed (and not on the quantities of other inputs), and that diminishing marginal...
-
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?
-
Find the absolute maximum and absolute minimum values of f on the given interval. f(x) = x 3 6x 2 + 5, [3, 5]
-
Consider the nozzle of Problem 16.17 and determine what back pressure will cause a normal shock to stand in the exit plane of the nozzle. This is case g in Fig. 16.17. What is the mass flow rate...
-
On January 1, 2014, Pele Company purchased the following two machines for use n its production process. Machine A: The cash price of this machine was R$35,000. Related expenditures included: sales...
-
Should regulators of utilities that have been privatised into several separate companies permit (a) horizontal mergers (within the industry); (b) vertical mergers; (c) mergers with firms in other...
-
The ledger of Lefevour, Inc. on March 31, 2012, includes the following selected accounts before adjusting entries. An analysis of the accounts shows the following.1. Insurance expires at the rate of...
-
standard form (vertex form). f(x) = -2x-5x 6
-
Insert the following data into your database separating it appropriately into the make and model tables and setting the make_id foreign key to link each model to its corresponding make. make model...
-
What is the elasticity of substitution, , of the CES production function q = (aL( + bK()d/(?
-
Suppose that a firm has a fixed-proportions production function in which 1 unit of output is produced using one worker and 2 units of capital. If the firm has an extra worker and no more capital, it...
-
Determine the volume and the surface area of the solid obtained by rotating the area of Prob. 5.2 about (a) The x axis, (b) The lines 19 x = in. 9 in 10 in.- 12 In. Sin.
-
Analyze the following code: public class Test { public static void main ( String args ) { int ] x = { 1 , 2 , 3 , 4 } ; int ] y = x ; x = new int [ 2 ] ; for ( int i + + i = 0 ; i . length; i + +...
-
Which of these is not a load balancing algorithm? Round - robin load balancing Most - connection load balancing Weighted load balancing None of the above
-
Select the expression ( s ) with the correct syntax. Pick ONE OR MORE options 1 ) DROP TABLE IF EXISTS users 2 ) DELETE TABLE IF EXISTS users 3 ) DROP TABLE users 4 ) DESTROY TABLE users
-
The following code has been designed to run on an Arduino compatible microcontroller however a number of errors have been introduced. Please identify the errors and suggest the correct version. ( 8...
-
Write the necessary commands to program the Nablus router using the protocol OSPF for this ip 2 0 . 0 . 0 . 0 / 8
-
Use Fleurys algorithm to determine an Euler circuit. A Be
-
Synthesize the products by drawing out reagents and intermediates along the way. `N H. OH HO HO
-
Salvo and Huse (2012) found that roughly one-fifth of flexible-fuel (cars that can run on a mix of ethanol and gasoline) car owners choose gasoline when the price of gas is 20% above that of ethanol...
-
For the utility function U(q 1 , q 2 ) = q 1 p + q 2 p , solve for the optimal q 1 and q 2 as functions of the prices, p 1 and p 2 , and income, Y.
-
Until 2012, California, Pennsylvania, and Texas required firms to collect sales taxes for online sales only if the chain had a physical presence (a brick store as opposed to a click store) in those...
-
In the absence of air resistance, a projectile that lands at the elevation from which it was launched achieves maximum range when launched at a 45 angle. Suppose a projectile of mass m is launched...
-
What would be the total cost of leasing a vehicle for four years that requires a security deposit of $1,000 (which would be withdrawn from your portfolio, which earns 9% per year), has monthly lease...
-
A nurse manager is preparing for a performance appraisal review for an employee who has been identified as substandard. describe the process of conducting a performance appraisal review and when...
Study smarter with the SolutionInn App