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The Following Figure Shows Two Isocost Lines IS1I S _ { 1 }

Question 56

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The following figure shows two isocost lines ( IS1I S _ { 1 } and IS2I S _ { 2 } ) and two isoquants for the production of 200 and 350 tons of corn.The axes show the quantities of the two types of fertilizers used in corn production.
  The following figure shows two isocost lines (  I S _ { 1 }  and  I S _ { 2 }  )  and two isoquants for the production of 200 and 350 tons of corn.The axes show the quantities of the two types of fertilizers used in corn production.    -Refer to Figure .Which of the following statements will be true? A) No combination of fertilizers A and B on ɪs₁ can achieve a production level of 350 tons of corn. B) All combinations of fertilizers on ɪs₂ can efficiently produce any level of output below 350 tons of corn. C) The highest isocost ɪs₂ is more than just enough to produce 350 tons of corn. D) The lowest isocost ɪs₁ is more than just enough to produce 200 tons of corn.
-Refer to Figure .Which of the following statements will be true?


A) No combination of fertilizers A and B on ɪs₁ can achieve a production level of 350 tons of corn.
B) All combinations of fertilizers on ɪs₂ can efficiently produce any level of output below 350 tons of corn.
C) The highest isocost ɪs₂ is more than just enough to produce 350 tons of corn.
D) The lowest isocost ɪs₁ is more than just enough to produce 200 tons of corn.

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