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The Following Figure Shows Two Isocost Lines IS1I S _ { 1 }

Question 24

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The following figure shows two isocost lines ( IS1I S _ { 1 } and IS2I S _ { 2 } ) and two isoquants for the production of 200 and 350 tons of corn.The axes show the quantities of the two types of fertilizers used in corn production.
  The following figure shows two isocost lines (  I S _ { 1 }  and  I S _ { 2 }  )  and two isoquants for the production of 200 and 350 tons of corn.The axes show the quantities of the two types of fertilizers used in corn production.    -Refer to Figure .An increase in the slope of an isocost implies: A) the firm is using more of the input measured on the X-axis. B) the total cost incurred by the firm has declined. C) the input measured on the X-axis has become costlier. D) the price of both inputs has declined.
-Refer to Figure .An increase in the slope of an isocost implies:


A) the firm is using more of the input measured on the X-axis.
B) the total cost incurred by the firm has declined.
C) the input measured on the X-axis has become costlier.
D) the price of both inputs has declined.

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