Use the Following Figure to Answer the Question : Figure

question 42

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.Which of the following is true at point C?

• A)At point C,the marginal product of labor and capital is maximized.
• B)Point C identifies the level of output that gives the firm the highest marginal revenue.
• C)Point C identifies the least cost method of producing output Q₁.
• D)Point C shows that the firm operates with constant returns to scale.

---

Definitions:

Fruits

Edible plant structures that contain seeds, often sweet and consumed as part of a healthy diet for their nutrients and fiber.

Complex Carbohydrates

Carbs consisting of long chains of sugar molecules that provide sustained energy, found in foods like whole grains, legumes, and vegetables.

Added Sugars

Sugars and syrups that are added to foods or beverages during processing or preparation, not naturally occurring.

Daily Recommended

A guideline or amount suggested for consumption or usage each day to maintain health or achieve specific dietary or nutritional goals.