Suppose the Price of Capital and Labor Remain Constant

question 117

Multiple Choice

Suppose the price of capital and labor remain constant.As a firm's expenditures for capital and labor increase, its isocost line

• A)shifts out parallel to the original isocost line.
• B)shifts in parallel to the original isocost line.
• C)rotates outward on the Y-intercept.
• D)rotates outward on the X-intercept.

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