Refer to Figure 8-6

question 50

Multiple Choice

Refer to Figure 8-6.At each of points A,C,E and G on the isoquant map we know that

• A)the firm is at its cost-minimizing position for an output level of 4000 golf tees.
• B)the firm can adjust its employment of factors to reduce its total cost,with output unchanged.
• C)the firm has adjusted the factor prices to equate the ratio of marginal products of the factors.
• D)the ratio of the marginal utilities of capital and labour is equal to the ratio of the prices of capital and labour.
• E)the ratio of the marginal products of capital and labour is equal to the ratio of the prices of capital and labour.

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Definitions:

United States

A country located primarily in North America, consisting of 50 states and a federal district, known for its diverse population and large economy.

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a disorder that results from alcohol exposure during the mother's pregnancy, causing growth, mental, and physical problems in the child.

Conception

The process of a sperm fertilizing an ovum, leading to the formation of a zygote and the beginning of pregnancy.

Apgar Scale

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