Multiple Choice
Figure 11-13
-Refer to Figure 11-13.The lines shown in the diagram are isocost lines.A movement from CE to BD occurs when
A) the price of capital increases while the price of labor remains unchanged.
B) the price of labor decreases while the price of capital remains unchanged.
C) the price of capital increases while the price of labor decreases.
D) the price of capital decreases while the price of labor increases.
Correct Answer:
Verified
Correct Answer:
Verified
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