What does an isoquant curve present? (3- a. different combinations of production inputs C; b. different combinations of capital and labor that yield the same amount of output (3- c. different combinations of raw materials and labor the yield the same amount of output C} d. all of the foregoing How does the maximum number of input be computed? C} a. dividing the total outlay with the cost of the input 0 b. dividing the total revenue with the total cost of inputs {3- c. dividing the total cost with the total variable input (.3- d. all of the foregoing What does isocost curve present? {I} a. different combinations of capital and labor that entails the same cost outlay, given the cost {I} b. different combinations of capital and labor that entails the same cost outlay {I} c. different combinations of capital and labor that entails that yields the same level of output {I} d. all of the foregoing What does the slope of the isoquant curve show? C:- a. economies of scale {I} b. the rate at a margin in which the producer can substitute the production of one product to the other {I} c. the rate at a margin in which the producer can substitute one input over the other input {I} d. both and b only O e. b and c onlyr When does producer's equilibrium would exist? O a. tangency point between variable cost curve and total cost curve O b. tangency point between marginal cost curve and total cost curve O c. tangency point between isoquant curve and isocost line O d. within the isoquant and isocost curve O e. band c onlyWhat will be the movement of the isoquant curve if PK will increase? O a. move rightward O b. move diagonally downward O c. move diagonally upward O d. band c onlyWhat is the objective that the organization intends to achieve? O a. optimize profit O b. minimize cost O c. maximize returns O d. both and b O e. both a and c Of. both b and c O g. a, b, and cWhat is the primary budgetary constraint? O a. high budgetary outlay O b. high desired output O c. high input costs O d. all of the followingHow does linear programming be applied on managerial economics? (.3- a. optimal product mix (3- b. satisfying minimum product requirement (.3- c. longrun capacity C} d. optimal process selection (3- e. all of the foregoing (3- 1'. both b and c and (.3- 9. both a and h only refers to determining the marginal contribution [shadow price) of an input to production and prots can be very useful to the rm in its investment decisions and future protability. C\".- a. isoquant map (1'.- b. isocost map O c. different level of cost and output C\".- d. optimal product mix measures how much of one resource should be given up in order to buy an additional unit of the other, given a fixed budget. O a. marginal rate of substitution O b. marginal cost O c. isocost O d. maximum valuerefers to the efficiency of input to produce output. O a. productivity O b. cost effectiveness O c. marginal productivityHow long is the coverage of short-term forecasting? O a. a day to 6 months 0 b. 1 day 103 months 0 0. less than a year 0 d. 5months How long is the time horizon for medium-term forecasting? O a. 1 year to 5 years O b. 5 months to 12 months c. 3 months to 24 months O d. more than 1 year Clear my choiceWhat is the objective of demand forecasting? O a. regular supply of commodities O b. formulation of price policy O c. continuous production O d. both a and b O e. band c Of. a and c O g. a, b, and cWhat is the most common method of forecasting demand? O a. survey method O b. observational method O c. interview method O d. both a and b O e. both a and c Of. both a and c O g. a, b, and cWhat is the primary basic assumptions of linear programming? Answer:In a negative relationship between the dependent and independent variable, where does the dependent variable will move if there is an increase in the independent variable? (upward, downward, remains constant}