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.
Location of point of maximum effort
Time Line of Human History From Upper Paleolithic Period to the Present
One-point linear perspective.
Nancy Rubins, Pleasure Point.
Four-point gait.
Constructing a Three-Point Recombination Map