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# Refer to Figure 11-13. The lines shown in the diagram are isocost lines.

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Posts: 349
A week ago

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

Textbook

## InMicro

Edition: 1st
Authors:
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Posts: 317
A week ago

### Related Topics

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A week ago
 Question 1.Figure 11-13Refer 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 CEQuestion 2.Figure 11-13Refer 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.
wrote...
A week ago
 Answer 1the movement from CE to BFAnswer 2the price of capital decreases while the price of labor increases.
wrote...
A week ago
 Brilliant
wrote...
A week ago
 Question 1.Figure 11-13Refer 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.▸ is $750.▸ is$1,250.▸ cannot be determined without the price of capital.Question 2.Figure 11-13Refer 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▸$25 per unit▸ insufficient information to answer question
wrote...
A week ago
 Answer 1is $500.Answer 2$25 per unit
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