The cost of producing a given level of output is minimizeda, Ask an Expert

Economics

The cost of producing a given level of output is minimized

(a) on the inelastic part of the long-run demand curve

(b) where the ratio of factor prices equals the marginal rate of technical substitution

(d) where the ratio of factor prices equals the slope of the isocost line

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Business Economics, Economics

Category:- Business Economics
Reference No.:- M91707398

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