If an Isocost Line Crosses the Isoquant Twice,a Cost Minimizing

question 111

Multiple Choice

If an isocost line crosses the isoquant twice,a cost minimizing firm will

• A) use a different isocost line to select the bundle of inputs.
• B) use the input bundle associated with the intersection on the higher point of the isoquant.
• C) use the input bundle associated with the intersection on the lower point of the isoquant.
• D) Both B and C.

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Definitions:

Inhibitory Postsynaptic Potential

A type of synaptic potential that makes a post-synaptic neuron less likely to generate an action potential, usually by making the inside of the neuron more negative.

Neuronal Membrane

The lipid bilayer that encases neurons, regulating the entry and exit of substances and maintaining the electric potential used for neural transmission.

Depolarization

A reduction in the difference in voltage across a cell's plasma membrane, which can trigger nerve impulses or muscle contractions.

Excitatory Postsynaptic Potential

An excitatory postsynaptic potential (EPSP) is a temporary increase in membrane potential in a postsynaptic neuron, making it more likely to fire an action potential, usually in response to neurotransmitter release.