Graphically,all Else Constant,a Decrease in the Price of Labor Would

question 5

Multiple Choice

Graphically,all else constant,a decrease in the price of labor would be illustrated by:

• A)a parallel shift of the isocost line in toward the origin.
• B)rotating the isocost line away from the origin along the labor axis.
• C)a parallel shift of the isocost line away from the origin.
• D)rotating the isocost line in toward the origin along the capital axis.

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Definitions:

Exaggerated Claims

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