-Refer to Figure 7-13

question 219

Multiple Choice

-Refer to Figure 7-13. The lines shown in the diagram are isocost lines. Which of the following shows an increase in the price of labour while the price of capital remains unchanged?

• A) the movement from AF to BD
• B) the movement from AF to CE
• C) the movement from BF to BD
• D) the movement from BF to CE

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