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Question 13

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Use the following to answer questions :
Figure 7A-1 Use the following to answer questions : Figure 7A-1   -Suppose a producer wants to increase production of good y from 100 to 200.Assume MP<sub>L</sub>/MP<sub>K</sub> and input prices remain constant.If point A in Figure 7A-1 represents the best possible combination of inputs for production of 100, which point represents the new best possible combination? A) Point B B) Point C C) Point D D) All of the above. E) None of the above.
-Suppose a producer wants to increase production of good y from 100 to 200.Assume MPL/MPK and input prices remain constant.If point A in Figure 7A-1 represents the best possible combination of inputs for production of 100, which point represents the new best possible combination?


A) Point B
B) Point C
C) Point D
D) All of the above.
E) None of the above.

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