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    Exam 5: Production Theory and Estimation
  5. Question
    If Two Isocost Lines Are Parallel, Then Both Have the Same
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If Two Isocost Lines Are Parallel, Then Both Have the Same

Question 41

Question 41

True/False

If two isocost lines are parallel, then both have the same input price ratio but the one further from the origin represents a higher level of total cost.

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