The Horizontal (Labor) Intercept of Manny Motors' Isocost Line Is

question 58

Multiple Choice

The horizontal (labor) intercept of Manny Motors' isocost line is 3 million, and the vertical (robot) intercept is 5 million. Which of the following best describes what would happen to the isocost line if auto workers' wages decreased?

• A) It would shift to the left.
• B) It would rotate outward along the horizontal axis.
• C) It would rotate inward along the horizontal axis.
• D) It would rotate outward along the vertical axis.
• E) It would rotate inward along the vertical axis.

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Definitions:

Consciously Recollected

The act of deliberately retrieving information or memories from one's past with awareness.

State-Dependent Learning

The principle that information learned in a particular state of mind can more easily be recalled when in the same state.

Recall Tests

Memory tests in which participants are asked to remember and reproduce information without cues.

Judgments

The mental operation of assessing, forming opinions, or making decisions based on information, reasoning, and/or emotional responses.