Title: Refer to Figure 11-13. The lines shown in the diagram are isocost lines.
Post by: LilyGal on Oct 9, 2019
Question 1.
Figure 11-13
Refer to Figure 11-13. The lines shown in the diagram are isocost lines. Which of the following shows an increase in the price of labor while the price of capital remains unchanged?
▸
the movement from BF to BD
▸
the movement from AF to CE
▸
the movement from AF to BD
▸
the movement from BF to CE
Question 2.
Figure 11-13
Refer to Figure 11-13. The lines shown in the diagram are isocost lines. Which of the following shows a decrease in the price of capital while the price of labor remains unchanged?
▸
the movement from AF to BF
▸
the movement from BF to AF
▸
the movement from BF to CE
▸
the movement from BF to BD
Title: Refer to Figure 11-13. The lines shown in the diagram are isocost lines.
Post by: sadeen on Oct 9, 2019
Title: Refer to Figure 11-13. The lines shown in the diagram are isocost lines.
Post by: Kaevyn04 on Oct 9, 2019
Question 1.
Figure 11-13
Refer to Figure 11-13. The lines shown in the diagram are isocost lines. Which of the following shows an increase in the firm's total cost while the price of labor and capital remain unchanged?
▸
the movement from CE to BF
▸
the movement from BD to AF
▸
the movement from CE to AF
▸
the movement from BD to CE
Question 2.
Figure 11-13
Refer to Figure 11-13. The lines shown in the diagram are isocost lines. A movement from CE to BD occurs when
▸
the price of capital increases while the price of labor remains unchanged.
▸
the price of capital increases while the price of labor decreases.
▸
the price of labor decreases while the price of capital remains unchanged.
▸
the price of capital decreases while the price of labor increases.
Title: Refer to Figure 11-13. The lines shown in the diagram are isocost lines.
Post by: wasan on Oct 9, 2019
Answer 1
the movement from CE to BF
Answer 2
the price of capital decreases while the price of labor increases.
Title: Refer to Figure 11-13. The lines shown in the diagram are isocost lines.
Post by: Kaevyn04 on Oct 9, 2019
Title: Refer to Figure 11-13. The lines shown in the diagram are isocost lines.
Post by: Famwam on Oct 9, 2019
Question 1.
Figure 11-13
Refer to Figure 11-13. The lines shown in the diagram are isocost lines. If the price of labor is $50 per unit, then along the isocost AF, the total cost
▸
is $500.
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is $750.
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is $1,250.
▸
cannot be determined without the price of capital.
Question 2.
Figure 11-13
Refer to Figure 11-13. The lines shown in the diagram are isocost lines. If the price of labor is $50 per unit, what is the price of capital along the isocost CE?
▸
$400 per unit
▸
$100 per unit
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$25 per unit
▸
insufficient information to answer question
Title: Refer to Figure 11-13. The lines shown in the diagram are isocost lines.
Post by: gumpfable on Oct 9, 2019
Answer 1
is $500.
Answer 2
$25 per unit