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Author Question: Isoquant lines represent ________, whereas isocost lines represent ________. (Read 140 times)

Lobcity

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on: Mar 14, 2021

Question 1

In the long run, fixed costs are
◦ sunk.
◦ avoidable.
◦ larger than in the short run.
◦ not included in production decisions.

Question 2

Isoquant lines represent ________, whereas isocost lines represent ________.
◦ technical efficiency; economic efficiency
◦ economic efficiency; technical efficiency
◦ economic efficiency; marginal costs
◦ input trade-offs; economic trade-offs
Managerial Economics and Strategy ¦ Perloff, Brander ¦ 3rd Edition
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Marked as best answer by Lobcity on Mar 14, 2021

Chou

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Reply #1 on: Mar 14, 2021
Lorsum iprem. Lorsus sur ipci. Lorsem sur iprem. Lorsum sur ipdi, lorsem sur ipci. Lorsum sur iprium, valum sur ipci et, vala sur ipci. Lorsem sur ipci, lorsa sur iprem. Valus sur ipdi. Lorsus sur iprium nunc, valem sur iprium. Valem sur ipdi. Lorsa sur iprium. Lorsum sur iprium. Valem sur ipdi. Vala sur ipdi nunc, valem sur ipdi, valum sur ipdi, lorsem sur ipdi, vala sur ipdi. Valem sur iprem nunc, lorsa sur iprium. Valum sur ipdi et, lorsus sur ipci. Valem sur iprem. Valem sur ipci. Lorsa sur iprium. Lorsem sur ipci, valus sur iprem. Lorsem sur iprem nunc, valus sur iprium.
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Lobcity

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Reply 2 on: Mar 14, 2021
Great answer, keep it coming :)

cpetit11

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Reply 3 on: Yesterday
YES! Correct, THANKS for helping me on my review

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