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Suppose a Firm Moves from One Isoquant to an Isoquant

Question 97

Multiple Choice

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


A) factor prices for all inputs have increased.
B) the price of capital has decreased.
C) the firm has increased its plant size.
D) the firm has hired more labour.
E) the firm has increased its level of output.

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