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    Managerial Economics
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    Exam 5: Production Theory and Estimation
  5. Question
    The Point of Tangency Between a Convex Isoquant and an Isocost
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The Point of Tangency Between a Convex Isoquant and an Isocost

Question 20

Question 20

True/False

The point of tangency between a convex isoquant and an isocost line represents an optimal combination of inputs.

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