If labor and capital are perfect complements in production, the isoquant is a downward-sloping line单项选择题

A

False

B

True

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类似问题

Graph the isoquant for which Q=100 given the production function  Q = L0.5K0.5. Can we produce 100 units using only capital?

Which of the following statements is (are) TRUE? I. If labor and capital are perfect substitutes in production, the isoquant is a downward-sloping line.  II. If a company needs to use inputs in fixed proportion such that the capital to labor ratio is always 2, the  firm's isoquants are L-shaped. III. If the production function is given by Q = min(14, 7), the firm can produce, at most, 21 units of  output.

A production function in which the inputs are perfectly substitutable would have isoquants that are 

Which of the following statements is (are) TRUE?   I. If labor and capital are perfect substitutes in production, the isoquant is a downward-sloping line.  II. If a company needs to use inputs in fixed proportion such that the capital to labor ratio is always 2, the firm's isoquants are L-shaped. III. If the production function is given by Q = min(14, 7), the firm can produce, at minimum, 21 units of output.

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