Multiple Choice
Suppose labor is on the horizontal axis and capital is on the vertical axis.If the wage rate is $15 per worker per hour and the rental rate of capital is $10 per unit per hour,what is the slope of the isocost curve?
A) -0.667
B) -1.5
C) -10
D) -15
Correct Answer:
Verified
Correct Answer:
Verified
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