{"id":58490,"date":"2024-04-16T01:20:28","date_gmt":"2024-04-16T01:20:28","guid":{"rendered":"https:\/\/exam.pscnotes.com\/mcq\/?p=58490"},"modified":"2024-04-16T01:20:28","modified_gmt":"2024-04-16T01:20:28","slug":"state-the-true-statement","status":"publish","type":"post","link":"https:\/\/exam.pscnotes.com\/mcq\/state-the-true-statement\/","title":{"rendered":"State the true statement?"},"content":{"rendered":"<p>[amp_mcq option1=&#8221;Iso-product curve is a description of ridge curves&#8221; option2=&#8221;Iso-production curve is not a description of ridge curves&#8221; option3=&#8221;There is no relation between iso-production curve and ridge curves&#8221; option4=&#8221;All the above statements are false&#8221; correct=&#8221;option3&#8243;]<!--more--><\/p>\n<p>The correct answer is: C. There is no relation between iso-production curve and ridge curves.<\/p>\n<p>An iso-product curve is a curve that shows all the combinations of inputs that produce the same level of output. A ridge curve is a curve that shows the maximum output that can be produced with a given set of inputs.<\/p>\n<p>There is no direct relationship between iso-product curves and ridge curves. Iso-product curves show the combinations of inputs that produce the same level of output, while ridge curves show the maximum output that can be produced with a given set of inputs. These are two different concepts, and there is no reason why they should be related.<\/p>\n<p>In fact, it is possible for an iso-product curve to intersect a ridge curve. This would happen if the combination of inputs represented by the iso-product curve was also the combination of inputs that produced the maximum output. However, this is not a necessary relationship, and it is possible for an iso-product curve to never intersect a ridge curve.<\/p>\n<p>In conclusion, there is no direct relationship between iso-product curves and ridge curves. These are two different concepts, and there is no reason why they should be related.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>[amp_mcq option1=&#8221;Iso-product curve is a description of ridge curves&#8221; option2=&#8221;Iso-production curve is not a description of ridge curves&#8221; option3=&#8221;There is no relation between iso-production curve and ridge curves&#8221; option4=&#8221;All the above statements are false&#8221; correct=&#8221;option3&#8243;]<\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"closed","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[12],"tags":[],"class_list":["post-58490","post","type-post","status-publish","format-standard","hentry","category-economics","no-featured-image-padding"],"yoast_head":"<!-- This site is optimized with the Yoast SEO Premium plugin v22.2 (Yoast SEO v23.3) - https:\/\/yoast.com\/wordpress\/plugins\/seo\/ -->\n<title>State the true statement?<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/exam.pscnotes.com\/mcq\/state-the-true-statement\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"State the true statement?\" \/>\n<meta property=\"og:description\" content=\"[amp_mcq option1=&#8221;Iso-product curve is a description of ridge curves&#8221; 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