Business, 15.04.2020 00:30, cerna

Assume that a firm spends $500 on two inputs, labor and capital. If the wage rate is $20 per hour and the cost of capital is $25 per hour, the slope of isocost curve will equal
a) -0.05
b) -500
c) -20
d) -4/5

Answers: 2

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Assume that a firm spends $500 on two inputs, labor and capital. If the wage rate is $20 per hour an...