This topic contains a solution. Click here to go to the answer
« previous next »

Author Question: A firm can minimize cost by A) picking the bundle of inputs where the lowest isocost line touches ... (Read 64 times)

yoroshambo

  • Hero Member
  • *****
  • Posts: 566
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
Buy Test-Bank


Related Topics

Need homework help now?

Ask unlimited questions for free

Ask a Question
Marked as best answer by a Subject Expert

mcarey591

  • Sr. Member
  • ****
  • Posts: 365
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.
Answer Preview
Only 25% of students answer this correctly


yoroshambo

  • Member
  • Posts: 566
Reply 2 on: Jul 1, 2018
Great answer, keep it coming :)

dawsa925

  • Member
  • Posts: 326
Reply 3 on: Yesterday
YES! Correct, THANKS for helping me on my review

« previous next »
 

Did you know?

The longest a person has survived after a heart transplant is 24 years.

Did you know?

It is difficult to obtain enough calcium without consuming milk or other dairy foods.

Did you know?

The U.S. Preventive Services Task Force recommends that all women age 65 years of age or older should be screened with bone densitometry.

Did you know?

People often find it difficult to accept the idea that bacteria can be beneficial and improve health. Lactic acid bacteria are good, and when eaten, these bacteria improve health and increase longevity. These bacteria included in foods such as yogurt.

Did you know?

The most common childhood diseases include croup, chickenpox, ear infections, flu, pneumonia, ringworm, respiratory syncytial virus, scabies, head lice, and asthma.

Continuous, Absorption Line, and Emission Line Spectra Continuous, Absorption Line, and Emission Line Spectra
First Line Antitubercular Drugs First Line Antitubercular Drugs
Shell-bundle clearance Shell-bundle clearance
Time Line for Evolution of the Universe Time Line for Evolution of the Universe
Bright-Line Spectra of Hydrogen and Helium Bright-Line Spectra of Hydrogen and Helium
Find an equation of the tangent line to the graph of f(x) = sqrt(x) / (x+1) at the point x=1 Find an equation of the tangent line to the graph of f(x) = sqrt(x) / (x+1) at the point x=1
Video: Cellular Defects - Osteoblasts, Osteoclasts and Osteocytes

For a complete list of videos, visit our video library