This is because when the quantity of factor K(capital) is increased, the quantity of labour(L) has to be reduced for the level of output to remain constant.
kevinnyabute answered the question on February 22, 2018 at 08:32
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What does the slope of an isoquant represent?
(Solved)
What does the slope of an isoquant represent?
Date posted:
February 22, 2018
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Answers (1)
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State five assumptions of isoquants
(Solved)
State five assumptions of isoquants.
Date posted:
February 22, 2018
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What is the difference between an isoquant and an indifference curve?
(Solved)
What is the difference between an isoquant and an indifference curve?
Date posted:
February 22, 2018
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State the similarities of isoquants and indifference curves
(Solved)
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Date posted:
February 22, 2018
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Date posted:
February 21, 2018
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Date posted:
February 21, 2018
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Answers (1)
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Date posted:
February 21, 2018
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Date posted:
February 21, 2018
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(Solved)
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Date posted:
February 20, 2018
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(Solved)
Distinguish between the following terms:
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arc elasticity and point elasticity
Date posted:
February 20, 2018
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Answers (1)
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(Solved)
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Date posted:
February 20, 2018
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(Solved)
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Date posted:
February 16, 2018
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Date posted:
February 16, 2018
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Date posted:
February 15, 2018
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Date posted:
February 14, 2018
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Date posted:
February 14, 2018
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discuss methods of computing national national income of a country taking into account the necessary adjustments.
Date posted:
February 10, 2018
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Explain how information technology dampens the business cycle in Kenya
Date posted:
February 10, 2018
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Why is price discrimination important in high tech industries?
Date posted:
February 10, 2018
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(Solved)
What is bundling and what are its economic effects
Date posted:
February 10, 2018
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