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1|.I'.hen an isoquant and an isocost line are barely tangent to one another, we knot--r That 0 the two products are being produced at the
1|.I"'."hen an isoquant and an isocost line are barely tangent to one another, we knot--r That 0 the two products are being produced at the lowest cost to the government. {g the two output products are being produced with the minimum amount of inputs 0 output is not being produced at minimum cost. {3 the marginal rate of technical substitution is equal to the input price ratio
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