The following figure shows two isocost lines ( $I S _ { 1 }$ and $I S _ { 2 }$ ) and two isoquants for the production of 200 and 350 tons of corn.The axes show the quantities of the two types of fertilizers used in corn production.

-Refer to Figure .Which of the following statements will be true?
A)No combination of fertilizers A and B on ɪs₁ can achieve a production level of 350 tons of corn.
B)All combinations of fertilizers on ɪs₂ can efficiently produce any level of output below 350 tons of corn.
C)The highest isocost ɪs₂ is more than just enough to produce 350 tons of corn.
D)The lowest isocost ɪs₁ is more than just enough to produce 200 tons of corn.

Question

The following figure shows two isocost lines ( $I S _ { 1 }$ and $I S _ { 2 }$ ) and two isoquants for the production of 200 and 350 tons of corn.The axes show the quantities of the two types of fertilizers used in corn production.
 
-Refer to Figure .Which of the following statements will be true?
A)No combination of fertilizers A and B on ɪs₁ can achieve a production level of 350 tons of corn. 
B)All combinations of fertilizers on ɪs₂ can efficiently produce any level of output below 350 tons of corn. 
C)The highest isocost ɪs₂ is more than just enough to produce 350 tons of corn. 
D)The lowest isocost ɪs₁ is more than just enough to produce 200 tons of corn.

Quizplus · Accepted Answer

The Answer of 
The following figure shows two isocost lines ( $I S _ { 1 }$ and $I S _ { 2 }$ ) and two isoquants for the production of 200 and 350 tons of corn.The axes show the quantities of the two types of fertilizers used in corn production.
 
-Refer to Figure .Which of the following statements will be true?
A)No combination of fertilizers A and B on ɪs₁ can achieve a production level of 350 tons of corn. 
B)All combinations of fertilizers on ɪs₂ can efficiently produce any level of output below 350 tons of corn. 
C)The highest isocost ɪs₂ is more than just enough to produce 350 tons of corn. 
D)The lowest isocost ɪs₁ is more than just enough to produce 200 tons of corn.

The Following Figure Shows Two Isocost Lines IS1I S _ { 1 }IS1​

The Following Figure Shows Two Isocost Lines $I S _ { 1 }$