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.

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