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fnuegbu

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Question 1

Refer to the information provided in Figure 7.10 below to answer the question(s) that follow. 









Refer to Figure 7.10. At Point C the slope of the 
q
2 = 200 isoquant is


◦ -2.
◦ -1/2.
◦ -1.
◦ indeterminate from this information.

Question 2

Refer to the information provided in Figure 7.10 below to answer the question(s) that follow. 









Refer to Figure 7.10. At Point 
A the absolute value of the slope of the 
q
1 = 100 isoquant is


◦ less than 2.
◦ exactly equal to 2.
◦ greater than 2.
◦ indeterminate from this information.



thall411

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clippers!

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Question 1

Refer to the information provided in Figure 7.10 below to answer the question(s) that follow. 









Refer to Figure 7.10. If this firm's cost of capital is $40 per unit and its cost of labor is $20 per unit, the isocost line represents a total cost of


◦ $1,000.
◦ $2,000.
◦ $3,000.
◦ $4,000.

Question 2

Refer to the information provided in Figure 7.10 below to answer the question(s) that follow. 









Refer to Figure 7.10. If the isocost line represents a total cost of $2,400, then the firm's cost of capital is ________ per unit and its cost of labor is ________ per unit.


◦ $10; $20
◦ $12; $24
◦ $24; $12
◦ $2; $1



Liamb2179

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