Answer:
D. All the above are correct
Step-by-step explanation:
An isocost line will be shifted further away from the origin if the total cost increases, if the price of both inputs increases or there is an advance in technology.
An isocost line can be defined as the graphical representation of various combinations of two inputs factors (labor,L and capital, K) which the firm can afford or purchase with a given amount of money.
An isocost line can be expressed mathematically as:
C = w L + r K
Where,
C = cost of production
w = price of labor or wages
L = units of labor
r = price of capital or interest rate
K =units of capital
Isocost is used to determine what combination of factor inputs the firm will choose for production process.
Answer:
(j+5)-2 That's the answer
Answer:
700 teens
Step-by-step explanation:
If five out of 7 teens do homework every night
There are 980 teens
How many out of 980 teens would do homework every night?
Firstly divide 980 teens by 7
Which is 980/7=140
Next is,
Out of 7 teens, there are 5 who do homework every night
So, multiply 140 by 5
140×5=700 teens
This means, the reasonable prediction of teens who do homework every night out of 980 is 700 teens
