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

Author Question: What is an isocost line? Write the equation used for an isocost line. What will be an ideal ... (Read 149 times)

corkyiscool3328

  • Hero Member
  • *****
  • Posts: 539
on: Jun 29, 2018
What is an isocost line? Write the equation used for an isocost line.
 
  What will be an ideal response?

Question 2

If inflation in Mexico is lower than it is in the United States,
 
  A) the purchasing power of the dollar in buying American goods will rise relative to the peso.
  B) the value of the peso will rise in the long run.
  C) the value of the dollar will rise in the long run.
  D) the purchasing power of the peso in buying Mexican goods will fall relative to the dollar.


Related Topics

Need homework help now?

Ask unlimited questions for free

Ask a Question
Marked as best answer by a Subject Expert

jaaaaaaa

  • Sr. Member
  • ****
  • Posts: 341
Reply #1 on: Jun 29, 2018
Answer to Question 1

An isocost line is a line that shows all of the combinations of capital and labor that are available for a given cost. The equation used for an isocost line is
(PK  K) + (PL L)
= TC.

Answer to Question 2

B


corkyiscool3328

  • Member
  • Posts: 539
Reply 2 on: Jun 29, 2018
Great answer, keep it coming :)

bimper21

  • Member
  • Posts: 309
Reply 3 on: Yesterday
Gracias!

« previous next »
 

Did you know?

If all the neurons in the human body were lined up, they would stretch more than 600 miles.

Did you know?

In 2006, a generic antinausea drug named ondansetron was approved. It is used to stop nausea and vomiting associated with surgery, chemotherapy, and radiation therapy.

Did you know?

Blood is approximately twice as thick as water because of the cells and other components found in it.

Did you know?

There are more bacteria in your mouth than there are people in the world.

Did you know?

Allergies play a major part in the health of children. The most prevalent childhood allergies are milk, egg, soy, wheat, peanuts, tree nuts, and seafood.

Relation between form, particular objects, and images in Plato’s Line. Relation between form, particular objects, and images in Plato’s Line.
Line analysis of Gustave Caillebotte, Place de l'Europe on a Rainy Day. Line analysis of Gustave Caillebotte, Place de l'Europe on a Rainy Day.
An upward-sloping spark line usually indicates a mechanical engine problem or a lean air–fuel ... An upward-sloping spark line usually indicates a mechanical engine problem or a lean air–fuel ...
Some Ford metal line connections use springlocks and O-rings. Some Ford metal line connections use springlocks and O-rings.
OraQuick. A negative result would show a red line at the "C" mark, whereas a positive ... OraQuick. A negative result would show a red line at the "C" mark, whereas a positive ...
Risk & Aseptic Processing - RABs Filling Line Risk & Aseptic Processing - RABs Filling Line
Video: Renin/Angiotensin (water gain from urine & Na ion and water reabsorption)

For a complete list of videos, visit our video library