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_L/MP_K 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?

Question

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_L/MP_K 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?

Quizplus · Accepted Answer

The Answer of 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_L/MP_K 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.

Use the Following to Answer Questions