Figure 7.12
-Refer to Figure 7.12.Which of the following statements about the input combinations shown in the diagram is false?
A)The firm produces a higher output level when it uses input combination b compared to input combination a.
B)The firm produces a lower output level when it uses input combination d compared to input combination a.
C)The firm produces the same output level when it uses input combination a or c.
D)The firm incurs the same total cost when it uses input combination a or c to produce a given quantity of output.

Question

Figure 7.12 
-Refer to Figure 7.12.Which of the following statements about the input combinations shown in the diagram is false?
A)The firm produces a higher output level when it uses input combination b compared to input combination a. 
B)The firm produces a lower output level when it uses input combination d compared to input combination a. 
C)The firm produces the same output level when it uses input combination a or c. 
D)The firm incurs the same total cost when it uses input combination a or c to produce a given quantity of output.

Quizplus · Accepted Answer

The statement is false because input combinations a and c produce the same output level, but they do not necessarily incur the same total cost.

Figure 7.12 -Refer to Figure 7.12.Which of the Following Statements About the Statements