When the Isocost Line Is Tangent to the Isoquant,then

question 48

Multiple Choice

When the isocost line is tangent to the isoquant,then

• A) MRTS = -w/r.
• B) the firm is producing that level of output at minimum cost.
• C) the last dollar spent on capital yields as much extra output as the last dollar spent on labor.
• D) All of the above.

---

Definitions:

Wat Chai Wattanaram

A historic Buddhist temple located in Ayutthaya, Thailand, known for its distinctive Khmer architecture and as a major monument of the Ayutthaya kingdom.

Stupa Towers

Buddist commemorative monuments typically housing sacred relics and used as a place of meditation, notable for their hemispherical domes.

Thai Temple Complexes

Architectural and religious complexes in Thailand, typically Buddhist, consisting of a collection of buildings such as stupas, viharas, and ordination halls.

Transitory Change

Temporary alterations in economic or financial variables that do not have lasting effects on the overall system.