EDU409 MIDTERM PAST PAPERS
This would imply that a higher result could be accomplished by utilizing less of the two variables of creation! Would they be able to at any point slant up to one side? Indeed. It would imply that one of the two elements had a negative peripheral efficiency that was more prominent than the positive minor usefulness of the other: for example that MPPa/MPPb (or MPPb/MPPa) was negative (a negative peripheral pace of variable replacement).
The present circumstance will happen when so a lot is utilized of one component that unavoidable losses have become so incredible as to create significant negative minimal usefulness: isoquants will twist back on themselves past the places where they become vertical or even.
The firm, be that as it may, won’t deliver along with this piece of an isoquant, in light of the fact that the cost proportion (Pa/Pb) will (for all intents and purposes) never be negative.
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What will happen to an isocost on the off chance that the costs of the two variables ascend by a similar rate? It will move inwards corresponding to the old isocost. EDU409 MIDTERM PAST PAPERS
For what reason do the costs of steers and sheep costs fall so radically “on”, or just “later” the main day of Eid-ul-Azha? The inventory bend for dairy cattle and sheep is fixed in the short-run, for example, an upward stock bend, thusly cost still up in the air by request. EDU409 MIDTERM PAST PAPERS
This would imply that a higher result could be accomplished by utilizing less of the two variables of creation! Would they be able to at any point slant up to one side? Indeed. It would imply that one of the two elements had a negative peripheral efficiency that was more prominent than the positive minor usefulness of the other: for example that MPPa/MPPb (or MPPb/MPPa) was negative (a negative peripheral pace of variable replacement).
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