The Figure Below Shows the Isocost Lines and the Isoquant

question 84

Multiple Choice

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. The cost- minimizing factor combination for producing 2000 golf tees is

• A) 6 units of capital and 15 units of labour.
• B) 12 units of capital and 30 units of labour.
• C) 10 units of capital and 25 units of labour.
• D) 4 units of capital and 10 units of labour.
• E) 8 units of capital and 20 units of labour.

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Definitions:

Magnitude

Magnitude typically refers to the size, extent, or dimension of an object or phenomenon, often quantified in terms of numerical values in various scientific fields.

Threshold Potential

Voltage on a neural membrane at which an action potential is triggered by the opening of sodium and potassium voltage-activated channels; about –50 mV relative to extracellular surround. Also called threshold limit.

Neural Membrane

The lipid bilayer that encloses the cytoplasm of a neuron, essential for transmitting neural signals.

Action Potential

A rapid increase and subsequent decrease in voltage across a cellular membrane, representing the transmission of an electrical signal along a neuron.