Isocost Lines

question 49

Multiple Choice

Isocost lines

• A)represent the combinations of inputs that have the same marginal cost.
• B)represent the combinations of inputs that have the same total cost.
• C)are the inverse of the isoquant lines.
• D)represent supply and demand for inputs at a given cost.

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Definitions:

Extension

The movement by which the angle between two bones is increased, typically referring to limbs or joints.

Circumduction

A circular movement of a limb or eye that combines flexion, extension, abduction, and adduction.

Protraction

The act of moving a body part forward, as in pushing the shoulders or jaw forward.

Supination

A rotational movement of the forearm that turns the palm upward or forward.