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Author Question: Refer to the information provided in Figure 7.8 below to answer the question(s) that follow. Refer ... (Read 22 times)

RRMR

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on: Apr 19, 2019

Question 1

Refer to the information provided in Figure 7.8 below to answer the question(s) that follow. 









Refer to Figure 7.8. The general formula for the slope of any of the isocost lines is


◦ -
PK/
PL.
◦ -
PL/
PK.
◦ TC/
P
L.
◦ TC/
PK.

Question 2

Refer to the information provided in Figure 7.8 below to answer the question(s) that follow. 









Refer to Figure 7.8. If the price of capital is $40, then along isocost line 
AB total cost is


◦ $300.
◦ $1,200.
◦ $2,400.
◦ indeterminate from this information, as the price of labor is not given.
Principles of Economics ¦ Case, Fair, Oster ¦ 12th Edition
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Marked as best answer by RRMR on Apr 19, 2019

sultansheikh

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Reply #1 on: Apr 19, 2019
Lorsum iprem. Lorsus sur ipci. Lorsem sur iprem. Lorsum sur ipdi, lorsem sur ipci. Lorsum sur iprium, valum sur ipci et, vala sur ipci. Lorsem sur ipci, lorsa sur iprem. Valus sur ipdi. Lorsus sur iprium nunc, valem sur iprium. Valem sur ipdi. Lorsa sur iprium. Lorsum sur iprium. Valem sur ipdi. Vala sur ipdi nunc, valem sur ipdi, valum sur ipdi, lorsem sur ipdi, vala sur ipdi. Valem sur iprem nunc, lorsa sur iprium. Valum sur ipdi et, lorsus sur ipci. Valem sur iprem. Valem sur ipci. Lorsa sur iprium. Lorsem sur ipci, valus sur iprem. Lorsem sur iprem nunc, valus sur iprium.
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RRMR

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Reply 2 on: Apr 19, 2019
Great answer, keep it coming :)

scottmt

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Reply 3 on: Yesterday
Thanks for the timely response, appreciate it

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