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explain four properties of isoquants
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- The isoquants for inputs that are perfect complements for one another consist of a series of:a. Isoquants can be convex, linear, or L-shaped. What does each of these shapes tell you about the nature of the production function? What does each of these shapes tell you about the MRTS?2 true or false The closer an isoquant is to a straight line, the closer the inputs are to being perfect complements