Multiple Choice
If labor costs $10 per unit and machines rent for $20 apiece, the slope of an isocost line might imply a substitution of:
A) one unit of labor for one unit of machinery.
B) one unit of labor for two units of machinery.
C) one unit of machinery for two units of labor.
D) two units of machinery for three units of labor.
Correct Answer:
Verified
Correct Answer:
Verified
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