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Author Question: If the cost of labor increases the isocost line will A) stay the same. B) shift outward in ... (Read 27 times)

meagbuch

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on: Jul 1, 2018
If the cost of labor increases the isocost line will
 
  A) stay the same.
  B) shift outward in parallel fashion.
  C) rotate inward around the point where only capital is employed in production.
  D) shift inward in parallel fashion.

Question 2

If extraction technology continues to improve over time,
 
  A) the price of crude oil can continue to fall or stay steady.
  B) the price of crude oil will increase despite any attempts to stem demand.
  C) the price of crude oil will only fall if sufficient government taxation is implemented.
  D) the price of crude oil will only fall if sufficient demand declines are arranged.


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apple

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Reply #1 on: Jul 1, 2018
Answer to Question 1

C

Answer to Question 2

A


meagbuch

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Reply 2 on: Jul 1, 2018
Thanks for the timely response, appreciate it

patma1981

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Reply 3 on: Yesterday
Excellent

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