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 57 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

Chelseyj.hasty

  • Member
  • Posts: 319
Reply 3 on: Yesterday
Great answer, keep it coming :)

« previous next »
 

Did you know?

The average person is easily confused by the terms pharmaceutics and pharmacology, thinking they are one and the same. Whereas pharmaceutics is the science of preparing and dispensing drugs (otherwise known as the science of pharmacy), pharmacology is the study of medications.

Did you know?

About 80% of major fungal systemic infections are due to Candida albicans. Another form, Candida peritonitis, occurs most often in postoperative patients. A rare disease, Candida meningitis, may follow leukemia, kidney transplant, other immunosuppressed factors, or when suffering from Candida septicemia.

Did you know?

Patients who have undergone chemotherapy for the treatment of cancer often complain of a lack of mental focus; memory loss; and a general diminution in abilities such as multitasking, attention span, and general mental agility.

Did you know?

Human neurons are so small that they require a microscope in order to be seen. However, some neurons can be up to 3 feet long, such as those that extend from the spinal cord to the toes.

Did you know?

A serious new warning has been established for pregnant women against taking ACE inhibitors during pregnancy. In the study, the risk of major birth defects in children whose mothers took ACE inhibitors during the first trimester was nearly three times higher than in children whose mothers didn't take ACE inhibitors. Physicians can prescribe alternative medications for pregnant women who have symptoms of high blood pressure.

Client position when assessing jugular vein distention. Client position when assessing jugular vein distention.
The Serial Position Effect The Serial Position Effect
Drive-on ramps are dangerous to use. The wheels on the ground level must be chocked (blocked) to ... Drive-on ramps are dangerous to use. The wheels on the ground level must be chocked (blocked) to ...
Upper-Level Maps Upper-Level Maps
Fibromyalgia tender point sites. Fibromyalgia tender point sites.
Ayurvedic massage. Sliding circles at the seat of Vata, recipient in side-lying position. Ayurvedic massage. Sliding circles at the seat of Vata, recipient in side-lying position.
Video: Hemodynamics Animation

For a complete list of videos, visit our video library