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Figure 7.3.4 -At the Optimum Combination of Two Inputs

Question 95

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Figure 7.3.4 -At the optimum combination of two inputs, A) the slopes of the isoquant and isocost curves are equal. B) costs are minimized for the production of a given output. C) the marginal rate of technical substitution equals the ratio of input prices. D) all of the above E) A and C only Figure 7.3.4
-At the optimum combination of two inputs,


A) the slopes of the isoquant and isocost curves are equal.
B) costs are minimized for the production of a given output.
C) the marginal rate of technical substitution equals the ratio of input prices.
D) all of the above
E) A and C only

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