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Question 18

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Use the following to answer questions :
Figure 7A-1 Use the following to answer questions : Figure 7A-1   -Suppose the producer in Figure 7A-1 wants to increase production of good y from 100 to 200 in the short run.Assume MP<sub>L</sub>/MP<sub>K</sub> and input prices remain constant.If point A represents the best possible combination of inputs for 100 units of output, which point represents the best input combination in the short run for 200 units of output? A) Point A B) Point B C) Point C D) Point D E) Point E
-Suppose the producer in Figure 7A-1 wants to increase production of good y from 100 to 200 in the short run.Assume MPL/MPK and input prices remain constant.If point A represents the best possible combination of inputs for 100 units of output, which point represents the best input combination in the short run for 200 units of output?


A) Point A
B) Point B
C) Point C
D) Point D
E) Point E

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