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Author Question: The cost of two inputs A and B are 100 and 200 per unit per month. A firm can afford to invest ... (Read 44 times)

darbym82

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on: Jun 30, 2018
The cost of two inputs A and B are 100 and 200 per unit per month. A firm can afford to invest 10,000 per month on these inputs. The firm uses 30 units of A. Given a linear isocost such that the entire budget is exhausted, the firm will use 10 units of B.
  Indicate whether the statement is true or false

Question 2

A firm's accounting profit is always equal to or greater than its economic profit.
 a. True
  b. False
  Indicate whether the statement is true or false


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ebenov

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Reply #1 on: Jun 30, 2018
Answer to Question 1

F

Answer to Question 2

True


darbym82

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Reply 2 on: Jun 30, 2018
Thanks for the timely response, appreciate it

olderstudent

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Reply 3 on: Yesterday
YES! Correct, THANKS for helping me on my review

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