Economy, asked by santoshpkhrkr, 2 months ago

Isoquant has perfect
substitutability.
Linear
O Right Angle
O O O O
Kinked
O Smooth convex​

Answers

Answered by ProttaySarkar
0

Answer:

The isoquants of a production function for which the inputs are perfect substitutes are straight lines, so the MRTS is constant, equal to the slope of the lines, independent of z1 and z2.

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