### QuestionWhich of the following diagrams shows fixed proportion isoquants?### Diagrams#### A- This diagram shows a set of straight lines originating from the axis that represents a constant slope.- The lines indicate a constant trade-off between inputs $ x_1 $ and $ x_2 $.#### B- This diagram consists of right-angled lines (L-shaped isoquants).- The shape indicates that inputs $ x_1 $ and $ x_2 $ are used in fixed proportions, which is typical for perfect complements.#### C- This diagram displays smooth, downward-sloping curves.- The curves suggest substitutability between the inputs $ x_1 $ and $ x_2 $.#### D- The lines in this diagram are convex to the origin.- They imply diminishing marginal rates of technical substitution between $ x_1 $ and $ x_2 $.### Options- ○ A- ○ B- ○ C- ○ DThe diagram labeled as **B** shows fixed proportion isoquants, typical for perfect complements.

Basics:- Isoquant:- It shows the same level of production (quantity) while different combination of labour and capital units used. It is generally downward sloping and convex to the origin like indifference curve. As per the given graphs in the question , Fixed proportion isoquants is shown by:- Graph "B" Explanation:- "L" isoquants are the only possible figures, that shows only one possible optimized combination of labour and capital. If we move upward or rightward to increase any of the factors, it will not increase the level of production. It is also known as fixed proportion isoquants.

Answered: Which of the following diagrams shows…

Business

Economics

Which of the following diagrams shows fixed proportion isoquants? A X2 X1 X2 X1 D X2 X1 O A OB OD

ENGR.ECONOMIC ANALYSIS

14th Edition

ISBN:9780190931919

Author:NEWNAN

Publisher:NEWNAN

Chapter1: Making Economics Decisions

Section: Chapter Questions

Problem 1QTC

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