-Refer to Figure 7-16. Assume that production isoquants are convex. Total cost and output produced must increase for each of the following movements except one. Which movement is the exception?
A) point a to point b
B) point a to point c
C) point b to point c
D) point b to point d

Question

-Refer to Figure 7-16. Assume that production isoquants are convex. Total cost and output produced must increase for each of the following movements except one. Which movement is the exception?
A) point a to point b 
B) point a to point c 
C) point b to point c 
D) point b to point d

Quizplus · Accepted Answer

Moving from point b to point c does not necessarily increase total cost and output if point c is on the same isoquant as point b, indicating the same level of output.