54 586
Assignments Done
98,3%
Successfully Done
In November 2017
Your physics homework can be a real challenge, and the due date can be really close — feel free to use our assistance and get the desired result.
Be sure that math assignments completed by our experts will be error-free and done according to your instructions specified in the submitted order form.
Our experts will gladly share their knowledge and help you with programming homework. Keep up with the world’s newest programming trends.

Answer on Microeconomics Question for Srijita Sen

Question #12645
identify the correct statement:
a)strict concavity of production function is vital for profit maximization.
b)strict concavity of production function is necessary for cost minimization.
c)quasi-concavity of production function is necessary for cost minimization.
d)quasi-concavity of production function is all that we need for profit maximization
Expert's answer
b)strict concavity of production function is necessary for cost
minimization.
Because in the lowest point of the production function you will
have the lowest costs.

Need a fast expert's response?

Submit order

and get a quick answer at the best price

for any assignment or question with DETAILED EXPLANATIONS!

Comments

No comments. Be first!

Leave a comment

Ask Your question