a) Draw isoquant curves for an economic consulting firm that can always trade two mathematicians for seven economists and still keep the output constant. Put mathematicians on the horizontal axis. a vertical line a horizontal line an upward sloping straight line an upward sloping curve which is not a straight line • An isoquant curve is Select Jan downward sloping straight he an downward sloping curve which is not a straight line L-shaped • What is the slope of an isoquant curve at point (20,20)? [Select ] 0,-2/7,-3.5, -7, 2/7,3.5, 7, infinite, not exist, none of the above • What is the slope of an isoquant curve at point (4,17)? [ Select] 0,-2/7,-3.5, -7, 2/7, 3.5, 7, infinite, not exist, none of the above • What is the slope of an isoquant curve at point (4,12)? [ Select ] 0,-2/7,-3.5, -7, 2/7, 3.5, 7, infinite, not exist, none of the above
a) Draw isoquant curves for an economic consulting firm that can always trade two mathematicians for seven economists and still keep the output constant. Put mathematicians on the horizontal axis. a vertical line a horizontal line an upward sloping straight line an upward sloping curve which is not a straight line • An isoquant curve is Select Jan downward sloping straight he an downward sloping curve which is not a straight line L-shaped • What is the slope of an isoquant curve at point (20,20)? [Select ] 0,-2/7,-3.5, -7, 2/7,3.5, 7, infinite, not exist, none of the above • What is the slope of an isoquant curve at point (4,17)? [ Select] 0,-2/7,-3.5, -7, 2/7, 3.5, 7, infinite, not exist, none of the above • What is the slope of an isoquant curve at point (4,12)? [ Select ] 0,-2/7,-3.5, -7, 2/7, 3.5, 7, infinite, not exist, none of the above
Chapter2: Mathematics For Microeconomics
Section: Chapter Questions
Problem 2.6P
Related questions
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![Question 9
a) Draw isoquant curves for an economic consulting firm that can always trade two
mathematicians for seven economists and still keep the output constant. Put mathematicians on
a vertical line
the horizontal axis.
a horizontal line
an upward sloping straight line.
an upward sloping curve which is not a straight line
• An isoquant curve is 1Select Jan downward sloping straight me
an downward sloping curve which is not a straight line
L-shaped
[ Select ]
0,-2/7,-3.5, -7, 2/7,'3.5, 7, infinite, not exist, none of the above
• What is the slope of an isoquant curve at point (20,20)?
• What is the slope of an isoquant curve at point (4,17)? [ Select ]
0,-2/7,-3.5, -7, 2/7, 3.5, 7, infinite, not exist, none of the above
• What is the slope of an isoquant curve at point (4,12)? [ Select ]
0,-2/7,-3.5, -7, 2/7,3.5, 7, infinite, not exist, none of the above
b) Draw isoquant curves for a mathematics department that requires exactly 3 cups of coffee per
each mathematician to produce theorems. Put mathematicians on the horizontal axis.
a vertical line
a horizontal line
• An isoquant curve is [ Select 1an upward sloping straight line
lan upward sloping curve which is not a straight line
an downward sloping straight line
an downward sloping curve which is not a straight line
shaped
• What is the slope of an isoquaht curve at point (20,20)? [ Select ]
0, -0.4, -2.5, -5, 0.4, 2.5, 5, infinite, not exist, none of the above
[ Select ]
0, -0.4, -2.5, -5, 0.4, 2.5, 5, infinite, not exist, none of the above
• What is the slope of an isoquant curve at point (4,17)?
• What is the slope of an isoquant curve at point (4,12)? [Select ]
0, -0.4, -2.5, -5, 0.4, 2.5, 5, 'infinite, not exist, none of the above](/v2/_next/image?url=https%3A%2F%2Fcontent.bartleby.com%2Fqna-images%2Fquestion%2F50e9e243-f7f6-47dc-9b10-664e53ef75fc%2Fac2f598f-a814-45f6-a5b9-012f99c619eb%2Feqnj239_processed.jpeg&w=3840&q=75)
Transcribed Image Text:Question 9
a) Draw isoquant curves for an economic consulting firm that can always trade two
mathematicians for seven economists and still keep the output constant. Put mathematicians on
a vertical line
the horizontal axis.
a horizontal line
an upward sloping straight line.
an upward sloping curve which is not a straight line
• An isoquant curve is 1Select Jan downward sloping straight me
an downward sloping curve which is not a straight line
L-shaped
[ Select ]
0,-2/7,-3.5, -7, 2/7,'3.5, 7, infinite, not exist, none of the above
• What is the slope of an isoquant curve at point (20,20)?
• What is the slope of an isoquant curve at point (4,17)? [ Select ]
0,-2/7,-3.5, -7, 2/7, 3.5, 7, infinite, not exist, none of the above
• What is the slope of an isoquant curve at point (4,12)? [ Select ]
0,-2/7,-3.5, -7, 2/7,3.5, 7, infinite, not exist, none of the above
b) Draw isoquant curves for a mathematics department that requires exactly 3 cups of coffee per
each mathematician to produce theorems. Put mathematicians on the horizontal axis.
a vertical line
a horizontal line
• An isoquant curve is [ Select 1an upward sloping straight line
lan upward sloping curve which is not a straight line
an downward sloping straight line
an downward sloping curve which is not a straight line
shaped
• What is the slope of an isoquaht curve at point (20,20)? [ Select ]
0, -0.4, -2.5, -5, 0.4, 2.5, 5, infinite, not exist, none of the above
[ Select ]
0, -0.4, -2.5, -5, 0.4, 2.5, 5, infinite, not exist, none of the above
• What is the slope of an isoquant curve at point (4,17)?
• What is the slope of an isoquant curve at point (4,12)? [Select ]
0, -0.4, -2.5, -5, 0.4, 2.5, 5, 'infinite, not exist, none of the above
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