Refer to Figure 8-6

question 50

Multiple Choice

Refer to Figure 8-6.At each of points A,C,E and G on the isoquant map we know that

• A)the firm is at its cost-minimizing position for an output level of 4000 golf tees.
• B)the firm can adjust its employment of factors to reduce its total cost,with output unchanged.
• C)the firm has adjusted the factor prices to equate the ratio of marginal products of the factors.
• D)the ratio of the marginal utilities of capital and labour is equal to the ratio of the prices of capital and labour.
• E)the ratio of the marginal products of capital and labour is equal to the ratio of the prices of capital and labour.

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Definitions:

The Citric Acid Cycle

A series of chemical reactions used by all aerobic organisms to release stored energy through the oxidation of acetyl-CoA derived from carbohydrates, fats, and proteins into carbon dioxide and chemical energy in the form of adenosine triphosphate (ATP).

Fatty Acids

Organic compounds that are the building blocks of fats in the human body and are used for energy storage and cell structure.

Acetyl-CoA

An important metabolic intermediate that links glycolysis and the citric acid cycle, involved in energy production and synthesis of fatty acids.

Aerobic Respiration

A metabolic process involving oxygen in the breakdown of glucose or other nutrients to produce energy (ATP), carbon dioxide, and water, taking place in the mitochondria of cells.