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djsmyers djsmyers
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Posts: 764
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6 years ago
When the isocost line is tangent to the isoquant, then
A) MRTS = w/r.
B) the firm is producing that level of output at minimum cost.
C) the last dollar spent on capital yields as much extra output as the last dollar spent on labor.
D) All of the above.
Textbook 
Microeconomics: Theory and Applications with Calculus

Microeconomics: Theory and Applications with Calculus


Edition: 4th
Author:
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unExpectedunExpected
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#1
Posts: 267
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6 years ago
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* Majoring in business & math

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djsmyers Author
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6 years ago
Brilliant ツ
lierac00
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Yesterday
Helped a lot
veronee_madison
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2 hours ago
Just got PERFECT on my quiz
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