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Suppose the W = $20 and R = $30

Question 86

Multiple Choice

Suppose the w = $20 and r = $30.The isocost line for a firm in this industry is

A) C = 20K + 30L.
B) K = 0.33C - 0.66L.
C) 1.5L + K = 0.5C.
D) Depends entirely on the functional form of the production function.

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