Economics · Production Theory
Assertion (A): Ridge lines in an isoquant map set the limits for the positive productivity of the respective inputs used in the production process. Reason (R): Isoquants will slope positively if the use of an input is increased beyond the limit set by the ridge lines.
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- 1(A) is wrong but (R) is correct
- 2(A) is correct but (R) is wrong
- 3Both (A) and (R) are correct but (R) is not the correct explanation of (A)
- 4Both (A) and (R) are correct and (R) is the correct explanation of (A)✓
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Both (A) and (R) are correct and (R) is the correct explanation of (A)
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