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D Question 9 1.5 pts a) Draw isoquant curves for an economic consulting firm that can always trade two mathematicians for seven economists and still
D Question 9 1.5 pts a) Draw isoquant curves for an economic consulting firm that can always trade two mathematicians for seven economists and still keep the output constant. Put mathematicians on the horizontal axis. a vertical line a horizontal line an upward sloping straight line an upward sloping curve which is not a straight line . An isoquant curve is [ Select Jan downward sloping straight line an downward sloping curve which is not a straight line L-shaped . What is the slope of an isoquant curve at point (20,20)? [ Select ] 0,-2/7,-3.5, -7, 2/7, 3.5, 7, infinite, not exist, none of the above . What is the slope of an isoquant curve at point (4,17)? [ Select ] 0,-2/7,-3.5, -7, 2/7, 3.5, 7, infinite, not exist, none of the above . What is the slope of an isoquant curve at point (4,12)? [ Select ] 0,-2/7,-3.5, -7, 2/7, 3.5, 7, infinite, not exist, none of the above b) Draw isoquant curves for a mathematics department that requires exactly 3 cups of coffee per a vertical line each mathematician to produce theorems. Put mathematicians on the horizontal axis. a horizontal line . An isoquant curve is [ Select jan upward sloping straight line Jan upward sloping curve which is not a straight line an downward sloping straight line an downward sloping curve which is not a straight line . What is the slope of an isoquant curve at point (20,20)? [ Select ] 0, -0.4, -2.5, -5, 0.4, 2.5, 5, infinite, not exist, none of the above . What is the slope of an isoquant curve at point (4,17)? [ Select ] 0, -0.4, -2.5, -5, 0.4, 2.5, 5, infinite, not exist, none of the above . What is the slope of an isoquant curve at point (4,12)? [ Select ] 0, -0.4, -2.5, -5, 0.4, 2.5, 5, infinite, not exist, none of the above
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