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Author Question: A total cost curve shows the ________ of producing each level of output. (Read 72 times)

dbose

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on: Apr 19, 2019

Question 1

At each point of tangency for isoquants and isocost lines, the slope of the isoquant must be ________ the slope of the isocost line.


◦ greater than
◦ less than
◦ equal to
◦ the reciprocal of

Question 2

A total cost curve shows the ________ of producing each level of output.


◦ marginal cost
◦ minimum cost
◦ maximum cost
◦ optimal input combination
Principles of Economics ¦ Case, Fair, Oster ¦ 12th Edition
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Marked as best answer by dbose on Apr 19, 2019

ecox1012

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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.
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dbose

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

kthug

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

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