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onetouch onetouch
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A year ago
A firm's least-cost position for producing a given output level occurs at that point where

▸ the isocost and isoquant intersect the horizontal axis.

▸ the isoquant is closest to the origin.

▸ the isocost and isoquant intersect the vertical axis.

▸ the isocost line and the isoquant are tangent to each other.

▸ the isocost line intersects the highest isoquant.
Textbook 
Microeconomics

Microeconomics


Edition: 17th
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lulllull
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A year ago
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onetouch Author
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A year ago
this is exactly what I needed
rene_ram97
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Yesterday
Thank you, thank you, thank you!
byehoe
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2 hours ago
Thanks for your help!!
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