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In the following diagram you are given two technologies, A and B, which can produce 100 metres of cloth. Technology A uses 1 worker and

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In the following diagram you are given two technologies, A and B, which can produce 100 metres of cloth. Technology A uses 1 worker and 4 tonnes of coal, while technology B uses 4 workers and 2 tonnes of coal. The diagram also depicts three examples of isocosts, NM, GF and JH. The wage cost and the price of coal are denoted by w and p, respectively. Which of the following statements is correct?

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10 9 8 7 6 IN 5 Tonnes of coal A 4 2 A 1 2 3 4 5 6 7 9 10 Number of workers

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