This topic contains a solution. Click here to go to the answer

Author Question: A firm can minimize cost by A) picking the bundle of inputs where the lowest isocost line touches ... (Read 60 times)

yoroshambo

  • Hero Member
  • *****
  • Posts: 566
A firm can minimize cost by
 
  A) picking the bundle of inputs where the lowest isocost line touches the isoquant.
  B) picking the bundle of inputs where the isoquant is tangent to the isocost line.
  C) picking the bundle of inputs where the last dollar spent on one input gives as much extra output as the last dollar spent on any other input.
  D) All of the above.

Question 2

The managers of government bureaucracies have an incentive to _____
 
  a. maximize the size of their budgets
  b. minimize the size of their staff
  c. maximize the profits from their bureaus
   d. minimize rent-seeking


Related Topics

Need homework help now?

Ask unlimited questions for free

Ask a Question
Marked as best answer by a Subject Expert

mcarey591

  • Sr. Member
  • ****
  • Posts: 365
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




yoroshambo

  • Member
  • Posts: 566
Reply 2 on: Jul 1, 2018
:D TYSM


xoxo123

  • Member
  • Posts: 335
Reply 3 on: Yesterday
YES! Correct, THANKS for helping me on my review

 

Did you know?

The most common treatment options for addiction include psychotherapy, support groups, and individual counseling.

Did you know?

Russia has the highest death rate from cardiovascular disease followed by the Ukraine, Romania, Hungary, and Poland.

Did you know?

The immune system needs 9.5 hours of sleep in total darkness to recharge completely.

Did you know?

People with alcoholism are at a much greater risk of malnutrition than are other people and usually exhibit low levels of most vitamins (especially folic acid). This is because alcohol often takes the place of 50% of their daily intake of calories, with little nutritional value contained in it.

Did you know?

More than 2,500 barbiturates have been synthesized. At the height of their popularity, about 50 were marketed for human use.

For a complete list of videos, visit our video library