FIGURE 8-4
-Refer to Figure 8-4.The firm is initially operating at point B.An improvement in technology would be represented by
A)a shift to the curve indicated by Q = 2000.
B)a movement toward point D.
C)a movement toward the origin.
D)a new isoquant map.
E)a new isocost curve.

Question

FIGURE 8-4
-Refer to Figure 8-4.The firm is initially operating at point B.An improvement in technology would be represented by
A)a shift to the curve indicated by Q = 2000. 
B)a movement toward point D. 
C)a movement toward the origin. 
D)a new isoquant map. 
E)a new isocost curve.

Quizplus · Accepted Answer

The Answer of  FIGURE 8-4
-Refer to Figure 8-4.The firm is initially operating at point B.An improvement in technology would be represented by
A)a shift to the curve indicated by Q = 2000. 
B)a movement toward point D. 
C)a movement toward the origin. 
D)a new isoquant map. 
E)a new isocost curve.

FIGURE 8-4 -Refer to Figure 8-4.The Firm Is Initially Operating at Point