FIGURE 8- 4
-Refer to Figure 8- 4, with the isoquants and isocost line as shown. A firm that is producing at point C can reduce its costs for producing 1000 units by employing
A) less capital and less labour.
B) less capital and more labour.
C) more capital and less labour.
D) more capital and more labour.
E) less labour and the same capital.

Question

FIGURE 8- 4
-Refer to Figure 8- 4, with the isoquants and isocost line as shown. A firm that is producing at point C can reduce its costs for producing 1000 units by employing
A) less capital and less labour. 
B) less capital and more labour. 
C) more capital and less labour. 
D) more capital and more labour. 
E) less labour and the same capital.

Quizplus · Accepted Answer

The Answer of  FIGURE 8- 4
-Refer to Figure 8- 4, with the isoquants and isocost line as shown. A firm that is producing at point C can reduce its costs for producing 1000 units by employing
A) less capital and less labour. 
B) less capital and more labour. 
C) more capital and less labour. 
D) more capital and more labour. 
E) less labour and the same capital.

FIGURE 8- 4 -Refer to Figure 8- 4, with the Isoquants and Isocost