Question

If production of a good
requires a fixed
combination of one
machine and one worker,
which of these will be
untrue?
The law of variable proportions
will be inapplicable
The iso-quant will be downward
sloping convex to the origin
The iso-quant will be shaped
Increasing labour units on the
machine will not add to the output​

Answer 1

see the above attachment

Answer 2

Answer:

Option - The law of variable proportions will be inapplicable is incorrect.  

Explanation:

• For producing a good, if one worker is required to work on one machine, the isoquant will be downward sloping and its shape will be increasing labour units on the machine will not add to the output​.

Isoquant curve:

• A concave line on a graph, known as an isoquant curve, displays all possible combinations of two inputs that yield the same amount of output.
• The law of variable proportions is applicable.
• An isoquant often depicts combinations of labour and capital as well as their technological trade-offs.
• The isoquant curve helps organizations and corporations optimise their manufacturing processes so that they can create the most products at the lowest possible cost.
• The marginal rate of technical substitution, which illustrates the rate at which you may substitute one input for another without increasing the amount of the resulting output, is demonstrated by the isoquant curve.
• Isoquant curves all share seven fundamental characteristics, including the inability to a tangent or contact one another, a propensity to slope downhill, and placement of higher and to the right is indicative of higher output.

Hence, the law of proportions will be inapplicable is not true.

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