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whatsupgirl16 whatsupgirl16
wrote...
Posts: 425
5 years ago
What is an isocost line? What is the slope of an isocost line?
Textbook 
Microeconomics

Microeconomics


Edition: 7th
Authors:
Read 48 times
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Replies
wrote...
5 years ago
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.
whatsupgirl16 Author
wrote...
5 years ago
Smart ... Thanks!
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