|
Title: What is an isocost line? What is the slope of an isocost line? Post by: whatsupgirl16 on Feb 26, 2019 What is an isocost line? What is the slope of an isocost line?
Title: What is an isocost line? What is the slope of an isocost line? Post by: gdchavis1 on Feb 26, 2019 The isocost line shows all the combinations of two inputs, such as capital and labor, that have the same total cost. The slope of the isocost line is equal to the ratio of the price of the input on the horizontal axis divided by the price of the input on the vertical axis, multiplied by -1.
Title: What is an isocost line? What is the slope of an isocost line? Post by: whatsupgirl16 on Feb 26, 2019 Smart ... Thanks!
|