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

Author Question: The point of tangency between an isocost line and an isoquant is necessarily (Read 209 times)

karen

  • Hero Member
  • *****
  • Posts: 537
on: Apr 19, 2019

Question 1

The least costly way to produce any given level of output is indicated by


◦ the point of intersection between the isoquant corresponding to that level of output and the 
Y-axis.
◦ the point of intersection between the isoquant corresponding to that level of output and the 
X-axis.
◦ the point of tangency between an isocost line and the isoquant corresponding to that level of output.
◦ the isocost line corresponding to that level of output.

Question 2

The point of tangency between an isocost line and an isoquant is necessarily


◦ the profit-maximizing combination of inputs that should be hired to produce that output level.
◦ the least costly combination of inputs that can be hired to produce the output level.
◦ both the profit-maximizing and least costly combination of inputs that can be used to produce the output level.
◦ the minimum amount of output that can be attained for that level of expenditure.
Principles of Economics ¦ Case, Fair, Oster ¦ 12th Edition
Buy Test-Bank


Related Topics

Need homework help now?

Ask unlimited questions for free

Ask a Question
Marked as best answer by karen on Apr 19, 2019

cam1229

  • Sr. Member
  • ****
  • Posts: 329
Reply #1 on: Apr 19, 2019
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 29% of students answer this correctly


karen

  • Member
  • Posts: 537
Reply 2 on: Apr 19, 2019
YES! Correct, THANKS for helping me on my review

cdmart10

  • Member
  • Posts: 332
Reply 3 on: Yesterday
:D TYSM

« previous next »
 

Did you know?

In 2006, a generic antinausea drug named ondansetron was approved. It is used to stop nausea and vomiting associated with surgery, chemotherapy, and radiation therapy.

Did you know?

Children of people with alcoholism are more inclined to drink alcohol or use hard drugs. In fact, they are 400 times more likely to use hard drugs than those who do not have a family history of alcohol addiction.

Did you know?

Amphetamine poisoning can cause intravascular coagulation, circulatory collapse, rhabdomyolysis, ischemic colitis, acute psychosis, hyperthermia, respiratory distress syndrome, and pericarditis.

Did you know?

Throughout history, plants containing cardiac steroids have been used as heart drugs and as poisons (e.g., in arrows used in combat), emetics, and diuretics.

Did you know?

Alcohol acts as a diuretic. Eight ounces of water is needed to metabolize just 1 ounce of alcohol.

Sarah Sze, Triple Point (Pendulum). Sarah Sze, Triple Point (Pendulum).
The slope of the curve y = ax^3 - bx^2 + cx - 3 at x = 2 is 5. If the point of inflection of the cur The slope of the curve y = ax^3 - bx^2 + cx - 3 at x = 2 is 5. If the point of inflection of the cur
Excel hardware is introducing a new product on a new product line of capacity 800 units per ... Excel hardware is introducing a new product on a new product line of capacity 800 units per ...
The line with the equation y=5x+12 intersects the parabola with equation y=xsqared+7x-3 at the ... The line with the equation y=5x+12 intersects the parabola with equation y=xsqared+7x-3 at the ...
Relationship Between the Atlas and the Axis. The Dens of the Axis Provides a Pivotal Point Around Wh Relationship Between the Atlas and the Axis. The Dens of the Axis Provides a Pivotal Point Around Wh
Number line for rounding Number line for rounding
Video: Mycobacterium tuberculosis: Drug Resistance and Natural Selection

For a complete list of videos, visit our video library