Multiple Choice
An isocost line shows
A) the different combination of factor inputs, which can be purchased with a given budget.
B) the rate at which one factor input can be substituted for another at a given level of output.
C) possible combinations of factor inputs that can be used to produce a given level of output.
D) the marginal rate of substitution.
Correct Answer:
Verified
Related Questions
Q26: In the short run,
A)all inputs are fixed.
B)all
