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Homework answers / question archive / 63582&page=1 Tüm Dersler - Türkçe (tr)- nal/Final hich one of the following is false regarding the cost minimization problem of a firm? atfen bei sein a
63582&page=1 Tüm Dersler - Türkçe (tr)- nal/Final hich one of the following is false regarding the cost minimization problem of a firm? atfen bei sein a. A timis most important objective is to maximize its profits. bloquants can intersect c. The marginal rate of technical substitution is the rate at which one input can be substituted for the other in a production process, while producing some lived level of output d Anis cost equation represents the set of all input combinations that a firm is able to purchase for a particular level of expenditure on trouts and a given set input prices An quantit ofinout combinations that can be used to produce a given level of output Puu Pitbc SyaRa Break ? Num 9 0 ? U 7 Home 0
Ans b ) isoquants can intersect
why?Because if two isoquants intersect then it is the negation of the property of isoquants that higher isoquants represents higher level of output to a lower isoquant.
