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Author Question: A firm can minimize cost by A) picking the bundle of inputs where the lowest isocost line touches ... (Read 29 times)

yoroshambo

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on: Jul 1, 2018
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
Microeconomics ¦ Perloff ¦ 8th Edition
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mcarey591

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Reply #1 on: Jul 1, 2018
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.
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yoroshambo

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Reply 2 on: Jul 1, 2018
Gracias!

scikid

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Reply 3 on: Yesterday
Great answer, keep it coming :)

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