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. Suppose this firm is producing 3000 golf tees and is at point F on the isoquant map. In order to maintain its output and minimize costs this firm should
A) not change its use of factors.
B) employ more capital and less labour.
C) employ more labour and less capital.
D) move to an isocost line further from the origin.
E) move to an isoquant closer to the origin.
Correct Answer:

Verified
Correct Answer:
Verified
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