The cost of two inputs A and B are 100 and 200 per unit per ...

[darbym82]

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

[ebenov]

Answer to Question 1

F

Answer to Question 2

True

[darbym82]

Excellent

[abro1885]

Thanks for the timely response, appreciate it