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Other Fields Homework Help Economics Topic started by: corie on Oct 24, 2017



Title: When an isocost line is just tangent to an isoquant, we know that:
Post by: corie on Oct 24, 2017
When an isocost line is just tangent to an isoquant, we know that
A) output is being produced at minimum cost.
B) output is not being produced at minimum cost.
C) the two products are being produced at the least input cost to the firm.
D) the two products are being produced at the highest input cost to the firm.


Title: Re: When an isocost line is just tangent to an isoquant, we know that
Post by: boransal on Oct 24, 2017
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