Use the Following Figure to Answer the Question : Figure

question 16

Multiple Choice

Use the following figure to answer the question : Figure 16-1 :shows the isoquants,IQ₁ and IQ₂,for a competitive firm.

-Refer to Figure 16-1.As compared to point B,the firm uses _____ at point A.

• A)less labor and more capital
• B)more labor and less capital
• C)less capital and labor
• D)more capital and labor

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