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MrsAngelD MrsAngelD
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6 years ago
When the isocost line is tangent to the isoquant, then
A) MPL = MPK.
B) the firm is producing that level of output at minimum cost.
C) the firm has achieved the right economies of scale.
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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forrestforrest
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#1
Posts: 266
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6 years ago
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MrsAngelD Author
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6 years ago
Thank you, thank you, thank you!
TheMoffattMan
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Yesterday
Smart ... Thanks!
Starfiew
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2 hours ago
Thanks
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