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Upon Opening a Printing and Copy Shop, a Firm Budgets

Question 13

Multiple Choice

Upon opening a printing and copy shop, a firm budgets $30,000 for copy machines and labor. If the price of labor is $30 per hour, what is the horizontal intercept of the isocost line when labor is measured on the horizontal axis?


A) 75 hours
B) 1,000 hours
C) 90,000 hours
D) 300,000 hours
E) It is impossible to tell from the information given.

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