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If There Is a Change in Input Prices, What Is

Question 11

Multiple Choice

If there is a change in input prices, what is the most likely impact on production isoquants?


A) They will shift leftward toward the origin.
B) The curvature of the isoquant will change.
C) They will remain unchanged.
D) They will shift outward away from the origin.
E) Uncertain, depends on which input prices change.

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