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tangare [24]
3 years ago
13

The steeper an isoquant is ​(labor measured on the horizontal axis​): A. the greater is the level of output. B. the greater is t

he need to keep capital and labor in fixed proportions. C. the greater is the marginal productivity of labor relative to that of capital. D. the greater is the substitutability between capital and labor.
Business
2 answers:
Volgvan3 years ago
8 0

Answer:

C. the greater is the marginal productivity of labor relative to that of capital

Explanation:

An isoquant is a curve that shows all the combinations of inputs that yield the same level of output.

When adding one factor holding the other factor constant inevitably, leads to lower output levels, the isoquant must become steeper, as more capital is added instead of labour, and flatter when labour is added instead of capital. Returns to capital even decline.

liraira [26]3 years ago
8 0

Answer:

C

Explanation:

A graphical representation that shows contour lines which are drawn through the same point sets at which the output level is constant and the level of two or more inputs are changed.

Now, for a production isoquant with a steeper slope, we can see that there is a greater marginal productivity of Labour relative to that of capital.

Simply because labour has been more productive, more capital is needed for less labor and this causes the curve to be steeper.

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sdas [7]

Answer:

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3 years ago
Read 2 more answers
Which of the following reasons does not contribute to a higher level of unemployment?
Mandarinka [93]
Hi there!

The answer is A) A lack of labor mobility as people choose to remain in their hometown. 

Unemployment is a complex issue, here are the reasons why the other options increase unemployment:

-Reduction in Union bargaining activities would increase unemployment because employers wouldn't have as many restrictions to reduce their workforce. 

-Reduction in economic activity due to a recession would increase unemployment as the demand for products, and for workers too, will decrease.

-The existence of efficiency wages causes unemployment because the demand for labor will decrease, as employees get more and more efficient. 

<span>A lack of labor mobility as people choose to remain in their hometown will not contribute to a higher level of unemployment. Instead, labor mobility can increase unemployment because there would be an oversupply of labor in a specific region. </span>
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3 years ago
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