Q.

An iso-cost line represents

A. different combinations of two inputs that can be purchased with a given sum of money
B. different combinations of two goods that can be purchased with a given income
C. both (a) and (b)
D. none of these
Answer» A. different combinations of two inputs that can be purchased with a given sum of money
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Mathematics for Economic Analysis 1

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JRR

Juhi Rupesh Rampersad
2 months ago

What is the primary purpose of an iso-cost line in economics?
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