Constant-cost conditions reflect that
A) quality differs between products.
B) products are perfect substitutes for each other.
C) product quality is related to who products it.
D) one product is more desirable than the other.

Question

Quizplus · Accepted Answer

Constant-cost conditions mean that resources can be shifted between the production of two products without changing the opportunity cost of producing the other product. This assumes that the two products are perfect substitutes for each other, meaning that one product can be exchanged for the other without affecting the market price.

Constant-Cost Conditions Reflect That