This topic contains a solution. Click here to go to the answer
« previous next »

Author Question: A firm's least-cost position for producing a given output level occurs at that point where (Read 31 times)

swande

  • Full Member
  • ***
  • Posts: 152
on: Oct 12, 2022

Question 1

The slope of a firm's isocost line is equal to the ratio of
◦ the marginal products of its factors.
◦ the factor prices.
◦ total variable cost to total cost.
◦ the marginal rate of substitution between factors.
◦ product prices.

Question 2

A firm's least-cost position for producing a given output level occurs at that point where
◦ the isocost and isoquant intersect the horizontal axis.
◦ the isoquant is closest to the origin.
◦ the isocost and isoquant intersect the vertical axis.
◦ the isocost line and the isoquant are tangent to each other.
◦ the isocost line intersects the highest isoquant.
Microeconomics ¦ Ragan ¦ 17th Edition
Buy Test-Bank


Related Topics

Need homework help now?

Ask unlimited questions for free

Ask a Question
Marked as best answer by swande on Oct 12, 2022

Jim457

  • Full Member
  • ***
  • Posts: 187
Reply #1 on: Oct 12, 2022
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.
Answer Preview
Only 25% of students answer this correctly


swande

  • Member
  • Posts: 152
Reply 2 on: Oct 12, 2022
Wow, this really help

jordangronback

  • Member
  • Posts: 339
Reply 3 on: Yesterday
Great answer, keep it coming :)

« previous next »
 

Did you know?

The first-known contraceptive was crocodile dung, used in Egypt in 2000 BC. Condoms were also reportedly used, made of animal bladders or intestines.

Did you know?

As the western states of America were settled, pioneers often had to drink rancid water from ponds and other sources. This often resulted in chronic diarrhea, causing many cases of dehydration and death that could have been avoided if clean water had been available.

Did you know?

The Romans did not use numerals to indicate fractions but instead used words to indicate parts of a whole.

Did you know?

Interferon was scarce and expensive until 1980, when the interferon gene was inserted into bacteria using recombinant DNA technology, allowing for mass cultivation and purification from bacterial cultures.

Did you know?

The use of salicylates dates back 2,500 years to Hippocrates’s recommendation of willow bark (from which a salicylate is derived) as an aid to the pains of childbirth. However, overdosage of salicylates can harm body fluids, electrolytes, the CNS, the GI tract, the ears, the lungs, the blood, the liver, and the kidneys and cause coma or death.

The relationship between the crankshaft position (CKP) sensor and the camshaft position (CMP) sensor ... The relationship between the crankshaft position (CKP) sensor and the camshaft position (CMP) sensor ...
A spark plug thread chaser is a low-cost tool that hopefully will not be used often, but is ... A spark plug thread chaser is a low-cost tool that hopefully will not be used often, but is ...
When the exhaust is lean, the output of a zirconia oxygen sensor is below 450 mV. When the exhaust is lean, the output of a zirconia oxygen sensor is below 450 mV.
Impacts of rising sea level Impacts of rising sea level
Four 2.0-µC point are at the corners of a rectangle with sides of length 3.0 cm and 4.0 cm. ... Four 2.0-µC point are at the corners of a rectangle with sides of length 3.0 cm and 4.0 cm. ...
Video: The Vestibular System

For a complete list of videos, visit our video library