Multiple Choice
Given the above graph,if the firm continues to produce 45 units of output and moves from point A to point B,it must be true that
A) the price of labor decreased relative to the price of capital.
B) the price of capital decreased relative to the price of labor.
C) the cost of producing 45 units decreased.
D) both b and c
E) none of these are true
Correct Answer:
Verified
Correct Answer:
Verified
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