1639. The producer is in equilibrium at a point where the cost line is

By Administrator / August 24, 2025

Above the isoquant

Below the isoquant

Cutting the isoquant

Tangent to isoquant

✅ The correct answer is D.
The producer is in equilibrium at a point where the cost line is Tangent to isoquant.

1631. Price at which European and American options can be exercised is classified as

1656. Suppose the total cost of producing commodity X is Rs.125000. Out of this cost, implicit cost is Rs.35000 and normal profit is Rs.25000. What will be the explicit cost of commodity X?

1. If direct material cost is $5500 and prime cost is $25000, then direct manufacturing labour would be

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2. LIFO method of pricing of materials is more suitable when _________.

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