A Firm's €200 Per Hour Isocost Line Is Calculated Using

question 37

Multiple Choice

A firm's €200 per hour isocost line is calculated using the equation K = 10 - 0.5L. However if the price of labour doubles, then new equation becomes:

• A) K=10-0.5L
• B) K=10-1L
• C) K=10-0.25L
• D) K=20-0.5L

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