A Firm Can Minimize Cost by

question 4

Multiple Choice

A firm can minimize cost by

• A) picking the bundle of inputs where the lowest isocost line touches the isoquant.
• B) picking the bundle of inputs where the isoquant is tangent to the isocost line.
• C) picking the bundle of inputs where the last dollar spent on one input gives as much extra output as the last dollar spent on any other input.
• D) All of the above.

---

Definitions:

Vertebrate Organs

Essential body parts found within vertebrates, including animals with a backbone, such as the heart, brain, and lungs, each performing specific vital functions.

Equilibrium

A state of balance or stability within a system, where competing influences are balanced.

Signal Integration

The process by which cells interpret and process multiple signals or inputs from their environment, leading to an appropriate response.