If the price of the input on the x-axis decreases, then the slope of the isocost line
Question:
If the price of the input on the x-axis decreases, then the slope of the isocost line will:
a. become steeper
b. become less steep
c. shift out parallel
d. shift in parallel
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The slope of the isocost line shows the ratio of prices of the two inputs L and When the price of on...View the full answer
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Related Book For 
Principles Of Agricultural Economics
ISBN: 9780415540704
1st Edition
Authors: Andrew Barkley, Paul W. Barkley
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