FIGURE 8-4 -Refer to Figure 8-4,with the Isoquants and Isocost Line as Line

question 38

Multiple Choice

FIGURE 8-4
-Refer to Figure 8-4,with the isoquants and isocost line as shown.A firm that is producing at point A can reduce its costs for producing 1000 units by employing

• A)less capital and less labour.
• B)more capital and less labour.
• C)less capital and more labour.
• D)more capital and more labour.
• E)less capital and the same labour.

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Definitions:

Convergent Evolution

The process by which unrelated organisms independently evolve similarities when adapting to similar environments.

Sharks

are a group of cartilaginous fish known for their predatory behavior, lack of a true bony skeleton, and distinct fin structure.

Dolphins

Aquatic mammals known for their high intelligence, complex behaviors, and acrobatic abilities, belonging to the family Delphinidae.

Mammalia

A class of warm-blooded vertebrate animals characterized by the presence of mammary glands, which females use to feed their young.