The figure below shows the isocost lines and the isoquant map for a firm producing golf tees. 
FIGURE 8- 6
-Refer to Figure 8- 6. Suppose there is a change in relative factor prices and the cost- minimizing method of producing 2000 golf tees is now at point D. If the total cost of producing 2000 golf tees is still $60, it must be the case that
Definitions:
Infant Industry
The infant industry argument supports protecting emerging domestic industries from international competition until they become competitive internationally.
Technological Efficiency
A state of production where a business cannot produce more of one good without lowering the production level of another good, given current technology.
Import Protection
Measures by a government to restrict foreign imports to protect domestic industries.
Import Quotas
Restrictions set by a country on the amount or volume of goods that can be imported into the country over a set period of time.
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