Question: if isoquants are plotted on a graph with capital measured on the vertical axis and labor on the horizontal axis, then an increase in

if isoquants are plotted on a graph with capital measured on the

if isoquants are plotted on a graph with capital measured on the vertical axis and labor on the horizontal axis, then an increase in the wage rate will cause the isocost line 2. O to become steeper and the optimal quantity of labor will decrease. O to become steeper and the optimal quantity of labor will increase. O to become flatter and the optimal quantity of labor will decrease. O to become flatter and the optimal quantity of labor will increase.

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