Managerial Economics

1:

An Iso-cost line represents

A.

Combinations of two inputs which yield varying amounts of output

B.

Combinations of two inputs which cost the same amount to a firm

C.

Combinations of two inputs which yield the same amount of output

D.

Combinations of two inputs which cost different amounts of outlay to a firm

 

Answer : B

Explanation :

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Option: A

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