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Mairoon Mairoon
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6 years ago
If an isocost line crosses the isoquant twice, a cost minimizing firm will
A) use a different isocost line to select the bundle of inputs.
B) use the input bundle associated with the intersection on the higher point of the isoquant.
C) use the input bundle associated with the intersection on the lower point of the isoquant.
D) Both B and C.
Textbook 
Microeconomics

Microeconomics


Edition: 6th
Author:
Read 67 times
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LBCeaLBCea
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6 years ago
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Mairoon Author
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#2
5 years ago
Thanks. This is just start. Wink Face
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