A firm can minimize cost by All of the above.
picking the bundle of inputs where the isoquant is tangent to the isocost line
picking the bundle of inputs where the last dollar spent on one input gives as much extra output as the last dollar spent on any other input.
picking the bundle of inputs where the lowest isocost line touches the isoquant.
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Explanation:</u></h3>
Land, labor, capital are the major things that contributes the factors of production. When a firm has the ability to purchase all these factors within the available budget giving equal importance to all these factors will contribute to isocost. The ability of the firm to combine all these factors of production in an efficient way for the production of goods and services contributes the isoquant.
It is very essential for a company to focus on these two things isocost and isoquants that determines its cost minimization and also success. The three things such as picking the factors of inputs in such as way that the isoquant is tangent to the isocost line,picking the bundle of inputs where the last dollar spent on one input gives as much extra output as the last dollar spent on any other input and picking the bundle of inputs where the lowest isocost line touches the isoquant can minimize the cost of the firms.
Answer: Both Rebecca Roosevelt and Edgar Eisenhower agree that we need to reduce our dependence on foreign oil, but they disagree on the best way of doing so.
Explanation:
Rebecca Roosevelt believes that there is a need for the U.S. to cut down on their dependence on foreign oil. Rebecca believes that we can do so by developing the oil and reserves that the U.S. has as well as coal technology and other energy sources in the U.S.
Edgar Roosevelt agrees that there is a need for the U.S. to cut down on their dependence on foreign oil but disagrees with Rebecca on how best to go about it. Edgar believes that it would be best to switch to renewable natural energy such as solar, wind and water energy which will be more affordable and cleaner.
Answer:Their unity, location and economic success helped them avoid colonization
Explanation:
Ethiopia was able to resist attempts of colonization by the British and particularly by the Italians. ... Under the leadership of Emperor Menelik, Ethiopia resisted European attempts to colonize all of Ethiopia. Ethiopia won a decisive victory over Italy at the Battle of Adowa, December 1895.
To complete all the ideas they have in mind