Messenger X Classes X Quiz #4 X Principles of E X *Course Hero X G A downward : X *GVQ 20.docx X Dashboard X X C https://docs.google.com/forms/d/e/1FAlpQLSfauNaNpcP5PZj3_sw5KJFuzMw3V9NkNrRFCxSXBJEHPjby_g/formResponse 1. The production function curve shifts . --- as the production isoquant curve shifts toward the point of origin of the graph. O a. To the left b. To the right c. Upward diagonally d. Downward and diagonally Clear selection 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 O C. To the right d. Upward Clear selection 3. A downward and diagonal shift in the production isoquant curve can lead to a smaller production capacity because of a. Smaller plant size 31.C U 4:04 pm Mostly sunny O .a ENG A US 29/04/2022Messenger X Classes X Quiz #4 X Principles of E X * Course Hero X G A downward : X *GVQ 20.docx X * Homework H 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 O a. Smaller plant size O b. Less inputs and smaller plant size c. Lesser production potential d. Diminishing productivity Clear selection 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 O c. Marginal productivity changes the average productivity O d. All of the foregoing e. A and C Clear selection 31.C U 4:05 pm Mostly sunny N .a ENG US 29/04/2022Messenger X Classes X Quiz #4 X Principles of E X * Course Hero X G A downward : X * GVQ 20.docx X * Homework H X + X C https://docs.google.com/forms/d/e/1FAlpQLSfauNaNpcP5PZj3_sw5KJFuzMw3V9NkNrRFCxSXBJEHPjby_g/formResponse QE Clear selection 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 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 Clear selection . The least-cost combination is when the production isoquant curve is tangent to an 31.C U 4:05 pm Mostly sunny O .a ENG A US 29/04/2022Messenger X Classes X Quiz #4 X Principles of E X * Course Hero X G A downward : x *GVQ 20.docx X * Homework H 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 d. A and B e. A and C Clear selection Total product __-_ when marginal product is increasingly positive. a. Increase at an increasing rate O b. Increases at a diminishing rate c. Decreases at an increasing rate d. Decreases at a diminishing rate Clear selection 9 . The average product can never be negative as input increases because 31.C 4:05 pm A U ENG Mostly sunny .a. US 29/04/2022Messenger X Classes X Quiz #4 X Principles of E X * Course Hero X G A downward : x *GVQ 20.docx X * Homework H X + X C https://docs.google.com/forms/d/e/1FAlpQLSfauNaNpcP5PZj3_sw5KJFuzMw3V9NkNrRFCxSXBJEHPjby_g/formResponse QE 9 . The average product can never be negative as input increases because. O a. Total product continues to increase O b. The total product cannot be less than nothing O C. The lowest level that the total product can decrease to is zero d. A and B e. B and C Clear selection 10. The total product decreases when the marginal product is negative since a. The change in output is negative O b. The change in input is negative O C. A negative change indicates a subtraction from the total d. A and C e. B and C Clear selection Back Next Clear form 31.C Mostly sunny O N .a. U ENG 4:05 pm US 29/04/2022