Isoquants are convex to the origin due to: A) the law of diminishing
Isoquants are convex to the origin due to:
A) the law of diminishing marginal utility.
B) the assumption of the diminishing marginal productivity of each input.
C) the fact that as less capital is used, its marginal productivity falls.
D) the fact that as more labor is used, its marginal productivity rises.
ANSWER
B
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