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 60 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
Thanks for the timely response, appreciate it

aruss1303

  • Member
  • Posts: 314
Reply 3 on: Yesterday
Excellent

« previous next »
 

Did you know?

Blood in the urine can be a sign of a kidney stone, glomerulonephritis, or other kidney problems.

Did you know?

It is important to read food labels and choose foods with low cholesterol and saturated trans fat. You should limit saturated fat to no higher than 6% of daily calories.

Did you know?

Atropine, along with scopolamine and hyoscyamine, is found in the Datura stramonium plant, which gives hallucinogenic effects and is also known as locoweed.

Did you know?

Chronic marijuana use can damage the white blood cells and reduce the immune system's ability to respond to disease by as much as 40%. Without a strong immune system, the body is vulnerable to all kinds of degenerative and infectious diseases.

Did you know?

Approximately 25% of all reported medication errors result from some kind of name confusion.

Time Line of Human History From Upper Paleolithic Period to the Present Time Line of Human History From Upper Paleolithic Period to the Present
If you want to show differences between items at the same time, a bar graph is more effective than a If you want to show differences between items at the same time, a bar graph is more effective than a
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.
Given the parent function f(x)=log10(bottom exponent)x, state the equation of the function that Given the parent function f(x)=log10(bottom exponent)x, state the equation of the function that
Find a quadractic equation that models the data in standard form Find a quadractic equation that models the data in standard form
Video: Introduction to Human Immunodeficiency Virus (HIV)

For a complete list of videos, visit our video library