Choosing inputs to minimize cost, Microeconomics

Choosing Inputs 

  • How to minimize cost for the given level of output.
  • We can do so by combining Isocosts with Isoquants

                             Producing a Given Output at Minimum Cost

1815_output at minimum cost.png

Posted Date: 10/12/2012 2:57:44 AM | Location : United States







Related Discussions:- Choosing inputs to minimize cost, Assignment Help, Ask Question on Choosing inputs to minimize cost, Get Answer, Expert's Help, Choosing inputs to minimize cost Discussions

Write discussion on Choosing inputs to minimize cost
Your posts are moderated
Related Questions
how to calculate the volume of exports? or what is the definition?

A company a product using labor (L) and raw material (R) with Q = 80L^0.2 R^0.8. If labor costs $20 per hour and raw material $40 per unit, what is the optimal combination (least c

The accountants keep all the business transactions and records of a sole proprietorship separate from the business owner''s personal transactions and For legal purposes a sole prop

Is coca-cola an oligopoly or monopolistic competition

Normal 0 false false false EN-IN X-NONE X-NONE MicrosoftInternetExplorer4

What is main difference between capital intensive goods and primary products?  Primary product means the major product in which the firm is dealing. Capital intensive good mea


Capital Account: The Capital Account presents transfers of money and other capital items and changes in the country's foreign assets and liabilities resulting from the transac

Explain the importance of well-established property rights in the method of development. Definition of property rights should not begin and end with owning land and buildings b

As you know, Northern Nevada Green Coalition is interested in showing how green energy production can help to grow and diversify Nevada's economy. In order to do that, we need to a