What is meant by optimum combination if inputs? What are the technical conditions for the optimum combination

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What is meant by optimum combination if inputs? What are the technical conditions for the optimum combination of inputs? Explain and illustrate the determination of optimum combination of inputs by using isoquants and isocosts.

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Managerial Economics

ISBN: 9789325986688

8th Edition

Authors: D N DWIVEDI

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Question Posted: Oct 07, 2024 04:01 AM

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What is meant by optimum combination if inputs? What are the technical conditions for the optimum combination

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Managerial Economics

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