Question
Economics Question on Business Finance
The expansion path identifies
A
the least-cost combination of inputs required to produce various levels of output
B
the firm's demand curve for inputs
C
the various combinations of inputs that can be used to produce a given level of output
D
the least-cost combination of outputs
Answer
the least-cost combination of inputs required to produce various levels of output
Explanation
Solution
The correct answer is (A) : the least-cost combination of inputs required to produce various levels of output