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Business, 05.05.2020 06:27 chanevelyn2

A tangency between an isocost line and an isoquant shows all the following, except: A. the minimum cost necessary to produce a given output. B. an input combination where the ratio of marginal products equals the ratio of the input prices. C. an input combination where the returns to labor and capital inputs are equal. D. the maximum output attainable by a firm at a given cost.

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A tangency between an isocost line and an isoquant shows all the following, except: A. the minimum c...

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