The Slope of the Isocost Line Tells the Firm How

question 82

Multiple Choice

The slope of the isocost line tells the firm how much

• A)capital must be reduced to keep total cost constant when hiring one more unit of labor.
• B)capital must be increased to keep total cost constant when hiring one more unit of labor.
• C)more expensive a unit of capital costs relative to a unit of labor.
• D)the isocost curve will shift outward if the firm wishes to produce more.

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Unknown Chemical

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