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Blakksheep33 Blakksheep33
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A year ago
Suppose a firm moves from one isoquant to an isoquant further from the origin on an isoquant map. This movement indicates that

▸ the price of capital has decreased.

▸ the firm has hired more labour.

▸ the firm has increased its plant size.

▸ factor prices for all inputs have increased.

▸ the firm has increased its level of output.
Textbook 
Microeconomics

Microeconomics


Edition: 17th
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fujiokifujioki
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A year ago
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Blakksheep33 Author
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A year ago
Thanks for your help!!
Lourd Jenkins
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Helped a lot
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Just got PERFECT on my quiz
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