Statement (A) : The isoquant curves are drawn convex to the origin due to 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. | Statements (A) and (B) both are correct. |
| B. | Statement (A) is correct but (B) is incorrect. |
| C. | Statement (A) is incorrect but (B) is correct. |
| D. | Statements (A) and (B) both are incorrect. |
Answer : A Explanation : |
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Option: A Explanation : Explanation will come here. Explanation will come here. Explanation will come here. Explanation will come here. Explanation will come here. |
