Question:

The expansion path identifies

Updated On: Mar 12, 2024
  • the least-cost combination of inputs required to produce various levels of output
  • the firm's demand curve for inputs
  • the various combinations of inputs that can be used to produce a given level of output
  • the least-cost combination of outputs
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The Correct Option is A

Solution and Explanation

The correct answer is (A) : the least-cost combination of inputs required to produce various levels of output
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