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DanielleElmas [232]
3 years ago
8

A jeweler can potentially use two inputs in her handcrafted jewelry: copper or bronze. She finds that when she minimizes her cos

ts, she either uses copper or bronze but not both. This means that copper and bronze are perfect substitutes and that her isoquant curve is right-angled.
Business
1 answer:
stiks02 [169]3 years ago
7 0

Answer: straight lines that are parallel to each other

Explanation: Q: A jeweler can potentially use two inputs in her handcrafted jewelry: copper or bronze. She finds that when she minimizes her costs, she either uses copper or bronze but not both. What must her isoquants look like?

An isoquant curve is defined as a line of equal or constant economic production on a graph, chart or map which describes all the combinations of inputs that produce the same level of output. If the jeweler either uses copper or bronze but not both, it means that the copper and bronze are perfect substitutes, that is,  they are two inputs that can be substituted for each other at a constant rate and at the same time maintaining the same output level. Her isoquants would appear as straight lines that are parallel to each other because all that matters is the sum of the two variables (copper and bronze), and not their individual values.

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Joey wants to buy a $3,000 vehicle with 20 percent down for three years at 12 percent interest. what will his monthly payment be
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<h3>What is interest rate?</h3>

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<h3>What is the purpose of the interest rate?</h3>

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2 years ago
Which living expense needs to be included in the budget of someone renting an apartment?.
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the creation of a home market is not only necessary to procure for our agriculture a just reward of its labors, but it is indisp
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7 0
11 months ago
Assume that you have a balance of $4000 on your credit card and that you make no more charges. If your APR is 23.9% and each mon
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Answer:

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t = 43.9 months = 44 months

6 0
3 years ago
Read 2 more answers
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