Isocost lines A) represent the combinations of inputs that ...

[Zoey63294]

Isocost lines
 
  A) represent the combinations of inputs that have the same marginal cost.
  B) represent the combinations of inputs that have the same total cost.
  C) are the inverse of the isoquant lines.
  D) represent supply and demand for inputs at a given cost.

Question 2

Which of the following will result in a decrease in demand for residential housing in the short run?
 
  A) a decrease in the price of lumber
  B) an increase in the wages of carpenters
  C) a decrease in real household incomes
  D) a decrease in the prices of residential housing

[paavo]

Answer to Question 1

B

Answer to Question 2

C

[Zoey63294]

TYSM

[Animal_Goddess]

Gracias!