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Business, 26.11.2019 04:31 amelie1010

When an isocost line is just tangent to a isoquant, we know that:
a) output is being produced at minimum cost.
b) the two products are being produced at the highest input cost to the firm.
c) the two products are being produced at the least input cost to the firm.
d) output is not being produced at minimum cost.

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When an isocost line is just tangent to a isoquant, we know that:
a) output is being produced...
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