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Refer to the Information Provided in Figure 7

Question 112

Multiple Choice

Refer to the information provided in Figure 7.9 below to answer the questions that follow. Refer to the information provided in Figure 7.9 below to answer the questions that follow. Figure 7.9 -Refer to Figure 7.9 The firm's isocost line could shift from CD to AB if A) the price of capital increased. B) the firm's total expenditures increased by 25%. C) the price of capital and labor each increased by 25%. D) the firm's total expenditures decreased by 25% or the price of capital and labor each increased by 33%. Figure 7.9
-Refer to Figure 7.9 The firm's isocost line could shift from CD to AB if


A) the price of capital increased.
B) the firm's total expenditures increased by 25%.
C) the price of capital and labor each increased by 25%.
D) the firm's total expenditures decreased by 25% or the price of capital and labor each increased by 33%.

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