Refer to the information provided in Figure 7.10 below to answer ...

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Question 1

Refer to the information provided in Figure 7.10 below to answer the question(s) that follow. 









Refer to Figure 7.10. At Point C the slope of the 
q
² = 200 isoquant is

◦ -2.
◦ -1/2.
◦ -1.
◦ indeterminate from this information.

Question 2

Refer to the information provided in Figure 7.10 below to answer the question(s) that follow. 









Refer to Figure 7.10. At Point 
A the absolute value of the slope of the 
q
¹ = 100 isoquant is

◦ less than 2.
◦ exactly equal to 2.
◦ greater than 2.
◦ indeterminate from this information.

[thall411]

Answer 1

-1/2.

Answer 2

greater than 2.

[clippers!]

Question 1

Refer to the information provided in Figure 7.10 below to answer the question(s) that follow. 









Refer to Figure 7.10. If this firm's cost of capital is $40 per unit and its cost of labor is $20 per unit, the isocost line represents a total cost of

◦ $1,000.
◦ $2,000.
◦ $3,000.
◦ $4,000.

Question 2

Refer to the information provided in Figure 7.10 below to answer the question(s) that follow. 









Refer to Figure 7.10. If the isocost line represents a total cost of $2,400, then the firm's cost of capital is ________ per unit and its cost of labor is ________ per unit.

◦ $10; $20
◦ $12; $24
◦ $24; $12
◦ $2; $1

[Liamb2179]

Answer 1

$4,000.

Answer 2

$24; $12

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