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Title: When the isocost line is tangent to the isoquant, then Post by: Mairoon on Oct 18, 2017 When the isocost line is tangent to the isoquant, then
A) MRTS = -w/r. B) the firm is producing that level of output at minimum cost. C) the last dollar spent on capital yields as much extra output as the last dollar spent on labor. D) All of the above. Title: Re: When the isocost line is tangent to the isoquant, then Post by: LBCea on Oct 18, 2017 Content hidden
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