An isoquant that is convex to the origin and negatively sloped depicts:

Question

Quizplus · Accepted Answer

An isoquant that is convex to the origin indicates imperfect substitutability between the two inputs. This means that the firm cannot substitute one input for the other at a constant rate. As the firm uses more of one input, it must use increasingly larger amounts of the other input to maintain the same level of output. This type of isoquant is commonly known as a diminishing marginal rate of technical substitution (DMRTS) isoquant.

An Isoquant That Is Convex to the Origin and Negatively