An isoquant is ______ to an iso cost line at equilibrium point:

Related MCQs

• If you know that with 8 units of output, average fixed cost is Rs.12.50 and average variable cost is Rs.81.25, then total cost at this output level is:
• Which would be an implicit cost for a firm? The cost:
• If a rational consumer is in equilibrium, then:
• A consumer is in equilibrium and is spending income in such a way that the marginal utility of product X is 40 units and Y is 16 units. The unit price of X is Rs.5. The price of Y is:
• Which of the following circumstances in an industry will result in a Nash equilibrium?
• At the point of inflexion, the marginal product is:
• Suppose a firm sells its product at a price lower than the opportunity cost of the inputs used to produce it. Which is true?
• Which is not a fixed cost?
• The reason the marginal cost curve eventually increases as output increases for the typical firm is because:
• The firm’s short-run marginal-cost curve is increasing when: