On an isoquant/isocost graph, the least cost input combination of producing a given output is

A) given by the tangency between the isoquant curve and the isocost line.
B) any point on the isocost line.
C) any point on the isoquant curve.
D) one of the intercept values on the graph.


A

Economics

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The question, "What is really more efficient?" could usefully be translated into the question:

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a. True b. False

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What will be an ideal response?

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