Solved

The Figure Below Shows the Isocost Lines and the Isoquant

Question 84

Multiple Choice

The figure below shows the isocost lines and the isoquant map for a firm producing golf tees. 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. 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:

verifed

Verified

Unlock this answer now
Get Access to more Verified Answers free of charge

Related Questions