Top Posters
Since Sunday
w
5
a
3
j
2
a
2
t
2
u
2
r
2
j
2
j
2
l
2
d
2
y
2
Home Q & A Board Other Fields Homework Help Business Economics
New Topic  
djsmyers djsmyers
wrote...
Go to Answer
Posts: 764
Rep: 5 0
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:
Read 64 times
1 Reply
Replies
Answer verified by a subject expert
unExpectedunExpected
wrote...
#1
Posts: 267
Rep: 21 0
6 years ago
Sign in or Sign up in seconds to unlock everything for free
More solutions for this book are available here
1
* Majoring in business & math

Related Topics

djsmyers Author
wrote...

6 years ago
Smart ... Thanks!
dedricgard
wrote...

Yesterday
Thanks
sadiewolf
wrote...

2 hours ago
Brilliant ツ
New Topic      
Quick Reply
Explore
Post your homework questions and get free online help from our incredible volunteers
  1614 People Browsing
Start New Topic Take the Tour CoursesNew Study Tools Topics Trending Browse by Textbook
Live Chat
Related Images
  
 294
  
 682
  
 244
Your Opinion
Previous poll results: Who's your favorite biologist?