~ Messenger X Classes Quiz #4 Principles of Economics X + X C https://docs.google.com/forms/d/e/1FAlpQLSfauNaNpcP5PZj3_sw5KJFuzMw3V9NkNrRFCxSXBJEHPjby_g/formResponse Il. Multiple Choices 1. The production function curve shifts - as the production isoquant curve shifts toward the point of origin of the graph. a. To the left b. To the right O c. Upward diagonally O d. Downward and diagonally 2. A shift from one point to another along the production isoquant curve, in favor of more labor inputs, shifts the output-labor function curve _ a. To the left b. Downward c. To the right O d. Upward ! 31 C Cloudy O e U ENG 3:38 pm US 29/04/2022~ Messenger Classes X Quiz #4 X Principles of Economics X Homework Help - Q&A from X + X C https://docs.google.com/forms/d/e/1FAlpQLSfauNaNpcP5PZj3_sw5KJFuzMw3V9NkNrRFCxSXBJEHPjby_g/formResponse 3. A downward and diagonal shift in the production isoquant curve can lead to a smaller production capacity because of _ _ a. Smaller plant size b. Less inputs and smaller plant size O c. Lesser production potential d. Diminishing productivity 4. If returns to scale is not equal to 1, productivity changes because _ O a. Marginal productivity changes when the change in output is no longer proportional to the change in input O b. The percentage change in output is not equalt to that of input c. Marginal productivity changes the average productivity d. All of the foregoing e. A and C ! 31 C 3:39 pm U Cloudy N ENG US 29/04/2022~ Messenger Classes X Quiz #4 X Principles of Economics X Homework Help - Q&A from X + X C https://docs.google.com/forms/d/e/1FAlpQLSfauNaNpcP5PZj3_sw5KJFuzMw3V9NkNrRFCxSXBJEHPjby_g/formResponse 5. - basically represents a change in the overall productivity level of inputs of a certain plant size. a. A diagonal and downward shift in the production function curve O b. An upward or downward shift in the production function curve O C. A sideward shift in the production isoquant curve O d. A diagonal and upward shift in the production function curve 6. As plant size increase, an increase in productivity shifts the production isoquant curve at a diminishing rate because a. Incremental output increase from the same increase in input O b. Incremental output decrease from the same increase in input O c. Incremental input increase with the same increase in output O d. Incremental input decease with the same increase in ouput ! 31 C U 3:40 pm Cloudy .a ENG US 29/04/2022~ Messenger Classes X Quiz #4 X Principles of Economics X Homework Help - Q&A from X + X C https://docs.google.com/forms/d/e/1FAlpQLSfauNaNpcP5PZj3_sw5KJFuzMw3V9NkNrRFCxSXBJEHPjby_g/formResponse 7. The least-cost combination is when the production isoquant curve is tangent to an isocost line because _ O a. The isocost line is the lowest that coincides with and, therefore, meet the budget requirement of the isoquant crve. b. The least-cost combination coincides with the lowest point of the isoquant curve O C. A lower isocost line corresponds to a smaller budget O d. A and B e. A and C 8. Total product _--_ when marginal product is increasingly positive. a. Increase at an increasing rate O b. Increases at a diminishing rate O c. Decreases at an increasing rate O d. Decreases at a diminishing rate ! 31 C U ENG 3:40 pm Cloudy N US 29/04/2022~ Messenger Classes X Quiz #4 X Principles of Economics X Homework Help - Q&LA from X + X C https://docs.google.com/forms/d/e/1FAlpQLSfauNaNpcP5PZj3_sw5KJFuzMw3V9NkNrRFCxSXBJEHPjby_g/formResponse 9. The average product can never be negative as input increases because . a. Total product continues to increase O b. The total product cannot be less than nothing c. The lowest level that the total product can decrease to is zero O d. A and B e. B and C 10. The total product decreases when the marginal product is negative since a. The change in output is negative b. The change in input is negative OC. A negative change indicates a subtraction from the total d. A and C O e. B and C ! 31 C Cloudy O N A U ENG 3:40 pm US 29/04/2022