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nakungth nakungth
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6 years ago
Joe's Organic Cereal Company produces granola breakfast cereal under a fixed proportion production system in which 22 ounces of cereal are packaged in each cardboard box.  However, the plant production manager decides to reduce the amount of cereal per box to 20.5 ounces at the start of the next year.  For the isoquant map, cereal is plotted in the vertical axis, and boxes are on the horizontal axis.  What happens to the curves in the isoquant map as a result of this change?
A) Shift upward
B) Shift downward
C) Shift rightward
D) Shift leftward
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Microeconomics

Microeconomics


Edition: 8th
Author:
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Bart_argBart_arg
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6 years ago
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nakungth Author
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#2
5 years ago
Thank you!
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