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The ridge lines are the locus of points of isoquants where the marginal products (MP) of factors are zero. The upper ridge line implies zero MP of capital and the lower ridge line implies zero MP of labour. Production techniques are only efficient inside the ridge lines. The marginal products of factors are negative and the methods of production are inefficient outside the ridge lines.
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Aegis
DISPENSE
Which of the following is an antonym of "gloomy"?
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celestial
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PESSIMIST
One who dies for a noble cause
Amnesia
...In each of the following questions, three out of four words given have the same meaning. Mark the number as your answer which is different in ...