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We Are Looking at a Graph with Capital on the Vertical

Question 162

Multiple Choice

We are looking at a graph with capital on the vertical axis and labor on the horizontal axis. If the price of labor increases, then the


A) isocost line becomes steeper.
B) isoquants become steeper.
C) isoquants become flatter.
D) isocost line becomes flatter.
E) isocost line and isoquants become flatter.

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