An isoquant slopes
A). Downward to the left
B). Downward to the right
C). Upward to the right
D). Upward to the left
Downward to the right
An isoquant slopes downward to the right. This implies that the Isoquant is a negatively sloped curve. This is because when the quantify of factor K (capital) is increased, the quantity of L (labor) must be reduced so as to keep the same level of output.
1. The main effect of Direct Taxes is on
2. Which of the following is an indirect tax
3. Which one of the following is true about Planning Commission?
4. Question 15:Analyse the recent trends in sectoral distribution of workforce in India.
5. Which of the following is not shared by the Centre and the States
6. Marginal utility is equal to average utility at that time when average utility is
7. Question 6:What factors contribute to human capital formation?