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Figure 6.4
-(Figure 6.4) Put these four panels in order from the easiest case of input substitutability to the hardest case of input substitutability.
A) b, a, c, d
B) a, c, d, b
C) d, c, a, b
D) a, d, c, b

Question

Use the following to answer question:
Figure 6.4 
-(Figure 6.4) Put these four panels in order from the easiest case of input substitutability to the hardest case of input substitutability.
A) b, a, c, d 
B) a, c, d, b 
C) d, c, a, b 
D) a, d, c, b

Quizplus · Accepted Answer

Panel a shows two inputs that are perfect substitutes, making it the easiest case of input substitutability. Panel c shows two inputs that are complements, making it a slightly harder case. Panel d shows inputs that are weakly complementary, making it a harder case. Finally, panel b shows inputs that are not substitutes or complements, making it the hardest case of input substitutability. Therefore, the correct order is a, c, d, b and the best choice is B.

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