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gcd99br gcd99br
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5 years ago

Question 1.

Given the graph below, the firm would maximize its profit by employing labor to the point where ________ equals ________.






Question 2.

The point of tangency between the iso-cost and the isoquant indicates



• How much of two inputs a firm should use.

• How much profit a firm can make using these two inputs.

• The minimum cost of using these two inputs for a given level of output.

• None of these.
Textbook 
Introduction to Agricultural Economics

Introduction to Agricultural Economics


Edition: 7th
Authors:
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Cass S.Cass S.
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5 years ago
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gcd99br Author
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5 years ago
I appreciate what you did here, answered it right Smiling Face with Open Mouth
TheMoffattMan
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Yesterday
Thank you, thank you, thank you!
avance37
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2 hours ago
Thanks for your help!!
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