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apadong apadong
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7 years ago
The least costly way to produce any given level of output is indicated by
A) the isocost line corresponding to that level of output.
B) the point of tangency between an isocost line and the isoquant corresponding to that level of output.
C) the point of intersection between the isoquant corresponding to that level of output and the X-axis.
D) the point of intersection between the isoquant corresponding to that level of output and the Y-axis.
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Akshtsaklani21Akshtsaklani21
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7 years ago
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apadong Author
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#2
7 years ago
Thx
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