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If an Isocost Line Crosses the Isoquant Twice,a Cost Minimizing

Question 111

Multiple Choice

If an isocost line crosses the isoquant twice,a cost minimizing firm will


A) use a different isocost line to select the bundle of inputs.
B) use the input bundle associated with the intersection on the higher point of the isoquant.
C) use the input bundle associated with the intersection on the lower point of the isoquant.
D) Both B and C.

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