If the least-cost input combination doesn't include all inputs,it's called

Name: If the least-cost input combination doesn't include all inputs,it's called
Brand: Quizplus
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Question

Quizplus · Accepted Answer

If the least-cost input combination doesn't include all inputs, it means that some inputs are not being used at all or being used at their minimum required level. This type of solution is called a boundary solution. It occurs when the isoquant touches the iso-cost line at the minimum point of an input. Therefore, option A is the correct choice.

If the Least-Cost Input Combination Doesn't Include All Inputs,it's Called