When the Isocost Line Is Tangent to the Isoquant,then

question 85

Multiple Choice

When the isocost line is tangent to the isoquant,then

• A) MPL = MPK.
• B) the firm is producing that level of output at minimum cost.
• C) the firm has achieved the right economies of scale.
• D) All of the above.

---

Definitions:

Two States

Typically refers to a system or component that has two distinct conditions, states, or values, commonly seen in digital or binary systems.

Volatile Memory

A memory structure that loses its information whenever power is removed. Volatile memories require a battery backup to ensure memory retention during power outages.

Programmed Contents

The specific information or instructions that have been programmed into a system, device, or application.

Operating Power

The power required for a device or system to perform its intended functions, critical for the continuous operation of industrial equipment.