Q406
Statement (A): The isoquant curves are drawn convex to the origin due to the diminishing technical rate of substitution. Statement (B): The lesser the convexity of the isoquant curve, the greater the possibility of the complementarity of the two inputs.
A.
Statement (A) and (B) are correct
B.
Statement (A) is correct but (B) is incorrect
AnswerC.
Statement (A) is incorrect but (B) is correct
D.
Statement (A) and (B) are incorrect
Answer: Option B
Solution
Answer: Option B
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