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Author Question: FIGURE 8-3Refer to Figure 8-3. The firm is initially producing 1000 units and minimizing its ... (Read 48 times)

effaey

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on: Oct 12, 2022




FIGURE 8-3

Refer to Figure 8-3. The firm is initially producing 1000 units and minimizing its production cost at point B. Suppose the prices of capital and labour each fall by 20%. If the firm wishes to continue producing the same level of output it will


◦ move toward point A.
◦ move to the left of point B.
◦ move toward point D.
◦ move toward point C.
◦ remain at point B.
Microeconomics ¦ Ragan ¦ 17th Edition
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Marked as best answer by effaey on Oct 12, 2022

koung719

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Reply #1 on: Oct 12, 2022
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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effaey

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Reply 2 on: Oct 12, 2022
YES! Correct, THANKS for helping me on my review

emsimon14

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

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