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Use the Following Figure to Answer the Question : Figure

Question 16

Multiple Choice

Use the following figure to answer the question : Figure 16-1 :shows the isoquants,IQ1 and IQ2,for a competitive firm.
Use the following figure to answer the question : Figure 16-1 :shows the isoquants,IQ<sub>1</sub> and IQ<sub>2</sub>,for a competitive firm. -Refer to Figure 16-1.As compared to point B,the firm uses _____ at point A. A) less labor and more capital B) more labor and less capital C) less capital and labor D) more capital and labor
-Refer to Figure 16-1.As compared to point B,the firm uses _____ at point A.


A) less labor and more capital
B) more labor and less capital
C) less capital and labor
D) more capital and labor

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