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Other Fields Homework Help Economics Topic started by: pirex on Oct 18, 2017



Title: The slope of the isoquant tells the firm how much
Post by: pirex on Oct 18, 2017
The slope of the isoquant tells the firm how much
A) output increases when labor increases by one unit.
B) output increases when capital and labor are doubled.
C) capital must decrease to keep output constant when labor increases by one unit.
D) a unit of capital costs relative to the cost of labor.


Title: Re: The slope of the isoquant tells the firm how much
Post by: TecShdw on Oct 18, 2017
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