Help me on the first question pls

Mathematics

1 answer:

Margaret [11]3 years ago

3 0

To do the first question, simplify the equation, putting like terms together, by adding and subtracting to do this.

Then looking at the equation that you solved for, look and see if there are any other equations that are related in some way to the original solved equation.

Pay close attention to the positive and negative signs.

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An isocost line will be shifted further away from the origin:_______.

otez555 [7]

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.

6 0

3 years ago

Simplafy them and here you go