Multiple Choice
The figure below shows the isocost lines and the isoquant map for a firm producing golf tees. FIGURE 8- 6
-Refer to Figure 8- 6. The cost- minimizing factor combination for producing 2000 golf tees is
A) 6 units of capital and 15 units of labour.
B) 12 units of capital and 30 units of labour.
C) 10 units of capital and 25 units of labour.
D) 4 units of capital and 10 units of labour.
E) 8 units of capital and 20 units of labour.
Correct Answer:

Verified
Correct Answer:
Verified
Q79: Although capital is a variable factor in
Q80: The figure below shows the isocost lines
Q81: A profit- maximizing firm will increase its
Q82: A profit- maximizing firm with variable labour
Q83: <img src="https://d2lvgg3v3hfg70.cloudfront.net/TB5438/.jpg" alt=" FIGURE 8- 4
Q85: Assume a firm is using 10 units
Q86: Consider a firm that uses only labour
Q87: The figure below shows a family of
Q88: A firm's long- run average cost curve<br>A)
Q89: Isocost lines are downward sloping straight lines,