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Assume That Labor Is Plotted on the Horizontal Axis and Capital

Question 120

Multiple Choice

Assume that labor is plotted on the horizontal axis and capital is plotted on the vertical axis.A firm plans to spend $1,000 per week on inputs and confronts a wage rate of $10 per hour and a capital rental rate of $20 per hour.Given this information,what will be the slope of the isocost curve?


A) -2
B) -1/2
C) -100
D) -50

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