An isocost line Question 7 options: 1) represents the combinations of w and K that cost the firm the same amount of money. 2) represents the combinations of K and L that cost the firm the same amount of money. 3) has a convex shape. 4) represents the combinations of r and w that cost the firm the same amount of money.

Question

04-04-2020
Mathematics

contestada

An isocost line Question 7 options: 1) represents the combinations of w and K that cost the firm the same amount of money. 2) represents the combinations of K and L that cost the firm the same amount of money. 3) has a convex shape. 4) represents the combinations of r and w that cost the firm the same amount of money.

Respuesta :

Otras preguntas

Part ___ of medicare is for payment of medical expenses such as office visits and x-ray and laboratory services.

Explain the impact that the Europeans had on the Native American population and culture during this time. IN YOUR OWN WORDS

How does transduction make it more difficult to design chemicals that will kill an entire colony of bacteria?

An archaeologist finds a golden figurine. how could she determine if the figurine is solid gold without cutting it?

What properties does iron have that are unusual for metal

Someone pls help me! I have attached the question

You are driving on a clear night, you must dim your headlights from high to low, and should adjust your speed so you can stop within:____.

This quote by Sergei Rachmaninoff --"They have not the capacity to make their works exalt-- they meditate, protest, analyze, reason, calculate and brood, but th

You forgot to balance your checking account, and you added a check to your register instead of subtracting the check from your balance. This caused you to have

Style and tone can be analyzed in a writer's use of (10 points) a facts b diction c handwriting d philosophy

enyo enyo · Answer 1 · 2020-04-05T16:24:08+02:00

Answer:

represents the combinations of K and L that cost the firm the same amount of money.

Step-by-step explanation:

Isocost is a graph representing factor inputs ( labour, capital ) ; which costs firm the same level of total production expenditure.

The curve is analogous to consumer's budget line - product combinations costing same to consumers. So, it is likely a straight line downward sloping curve also. Such because : factors are inversely related, given same total cost; and the slope is constant = price ratios of the two factor inputs.