If an Isoquant Intersects an Isocost Line at Two Points

question 55

Multiple Choice

If an isoquant intersects an isocost line at two points, a manager can surmise that:

• A) there is a lower isocost line where the isoquant will intersect at only one point
• B) no least cost combination is possible
• C) there are two choices of least-cost input combinations
• D) none of the other three answers

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