How does an increase in the price of an input affect the slope of an isocost line?

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Microeconomics

ISBN: 978-0073375854

2nd edition

Authors: Douglas Bernheim, Michael Whinston

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Question Posted: Mar 17, 2016 04:53 AM

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How does an increase in the price of an input affect the slope of an isocost line?

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A firms total costs are TC rK wL so the equation for a ty...View the full answer

Microeconomics

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