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    Microeconomics Study Set 9
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    Exam 20: Production Cost Theory and Decisions of the Firm
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    Use the Following to Answer Questions
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Use the Following to Answer Questions

Question 17

Question 17

Multiple Choice

Use the following to answer questions :
Table 7A-1 Use the following to answer questions : Table 7A-1   -For Table 7A-1, if the price of labor changes to $4 and the price of land changes to $3, what is the new least-cost factor combination? A) A B) B C) C D) D E) E
-For Table 7A-1, if the price of labor changes to $4 and the price of land changes to $3, what is the new least-cost factor combination?


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

Correct Answer:

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