Refer to the information provided in Figure 7.7 below to answer the question(s) that follow. 
Figure 7.7Refer to Figure 7.7 above. If Roller Skates Unlimited moves from isoquant A to isoquant B, the number of roller skates produced
A. remains constant, but Roller Skates Unlimited uses more capital and more labor.
B. remains constant, but input prices have risen.
C. decreases.
D. increases.
Answer: D
You might also like to view...
Refer to the table above. The opportunity cost per dollar of value added in designing shoes by workers in Eduland is ________
A) $0.25 B) $0.50 C) $4 D) $12
The Laffer curve represents the relationship between real GDP and various possible tax rates
a. True b. False Indicate whether the statement is true or false
The US had a nominal GDP of 10.3 trillion dollars in 2000. If the US great at an average rate of 3.0 % per year then its compounded GDP at the end of 2015 would have been:
A. 14.7 Tr. B. 16.0 Tr. C. 16.3 Tr. D. 15.6 Tr.
In the short run, the quantity of available hotel rooms is not particularly responsive to changes in price because hotels take time to build and to destroy. This implies that the short-run supply of hotel rooms is
A. in equilibrium. B. inelastic. C. elastic. D. greater than demand.