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Author Question: Refer to the information provided in Figure 7.9 below to answer the question(s) that follow. Refer ... (Read 29 times)

folubunmi

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on: Apr 19, 2019

Question 1

Refer to the information provided in Figure 7.9 below to answer the question(s) that follow. 









Refer to Figure 7.9. The firm is currently along isocost 
CD. If the price of capital is $40, then the price of labor is


◦ $6.
◦ $40.
◦ $240.
◦ indeterminate from this information.

Question 2

Refer to the information provided in Figure 7.9 below to answer the question(s) that follow. 









Refer to Figure 7.9. The firm's isocost line would shift from 
CD to 
CE if


◦ the price of capital falls.
◦ the price of labor falls.
◦ the firm's total expenditure on inputs increases.
◦ either the price of labor rises or the firm's total expenditure on inputs increases.
Principles of Economics ¦ Case, Fair, Oster ¦ 12th Edition
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Marked as best answer by folubunmi on Apr 19, 2019

ricroger

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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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folubunmi

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Reply #2 on: Apr 19, 2019
Thank you!


ricroger

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Reply #3 on: Apr 19, 2019
Always glad to help...


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