If Labor Is Measured Along the Horizontal Axis and Capital

question 35

Multiple Choice

If labor is measured along the horizontal axis and capital is measured along the vertical axis,an increase in the wage rate will cause the isocost line to:

• A) rotate clockwise, causing the firm to use less labor and more capital.
• B) rotate counterclockwise, causing the firm to use less labor and more capital.
• C) rotate clockwise, causing the firm to use less capital and more labor.
• D) rotate counterclockwise, causing the firm to use less capital and more labor.

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