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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
Rep: 21 0
6 years ago
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* Majoring in business & math

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djsmyers Author
wrote...

6 years ago
Thank you, thank you, thank you!
lierac00
wrote...

Yesterday
Good timing, thanks!
veronee_madison
wrote...

2 hours ago
Smart ... Thanks!
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