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Which of the Following Is NOT a True Statement About

Question 3

Multiple Choice

Which of the following is NOT a true statement about isoquants?


A) Each curve represents the particular combinations of tasks that generate the same quantity of output.
B) Isoquants are finite in number.
C) The absolute value of the slope is the marginal rate of technical substitution between task 2 and task 1.
D) Isoquants differ in the quantity of output they represent.
E) The slopes of the isoquants represent how easy it is for the firm to substitute task 1 for task 2.

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