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If a Firm Is Initially Producing at Point E in the Figure

Question 9

Multiple Choice

If a firm is initially producing at point E in the figure below and the rental price of land increases, then the firm, if it maintains output at the same level, will: If a firm is initially producing at point E in the figure below and the rental price of land increases, then the firm, if it maintains output at the same level, will:   A) move towards F. B) move towards H. C) move towards G. D) move towards I. E) stay at E.


A) move towards F.
B) move towards H.
C) move towards G.
D) move towards I.
E) stay at E.

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