UGC NET
Ayushi Asked a Question
August 12, 2020 6:55 pmpts 30 pts
  • UGC NET
  • Economics

1 other things remaining the seme, when an entrepreneur's money outlay in- creases his equiibrium point moves to (1) ahigher isoquant (2) a lower isoquant (3) r

1 Other things remaining the seme, when an entrepreneur's money outlay in- creases his equiibrium point moves to (1) Ahigher isoquant (2) A lower isoquant (3) Remains unchanged on thC Sane i (4) Moves to the left hand side of the same isoquant
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  • Nidhi taparia Best Answer
    The correct answer is (1). When an entrepreneur's money outlay increases, ceteris paribus, his production will move to a higher isoquant. Signifying that he can now produce more q...
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