Question

The Function which gives the least cost combination of inputs

corresponding to different levels of output is called

Select one:

a, Production Function

b. Supply Function

c. Cost Function

d. Demand Function​

Answer 1

Answer:

hloo

.

Tangency points show the lowest cost input combination for producing any given level of output. A curve connecting the tangency points is called the expansion path because it shows how the input usages expand as the chosen level of output expands...

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