The following graph shows one of a firm's isocost curves and isoquants. 
a. Combination A is not an economically efficient method of producing 4,000 units of output because, at A, _________ exceeds _________ or, in other words, _________ exceeds _________. The firm should increase ___________ and decrease ___________.
b. Combination B is not an economically efficient method of producing 4,000 units of output because, at B, _________ exceeds _________, or, in other words, _________ exceeds _________. The firm should increase ___________ and decrease ___________.
c. At the economically efficient method of producing 4,000 units of output the MRTS will equal _________.
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Q82: Economies of scale exist when
A)fixed cost decreases
Q84: Refer to the following: Q86: Refer to the following: Q86: Economies of scale exist when Q87: A firm is using 20 units of Q87: Learning economies differ from economies of scale Q88: You read a story in the newspaper Q90: Afirm is producing 1,000 units of output Q93: The following graph shows 2 isocost Q94: To answer the questions, use the
A)total cost decreases
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