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4. Draw the isocost curve if total expenditures are m be limited to (a) $100, (b) $200, (c) $400. Which isocost curve is higher? Are

4. Draw the isocost curve if total expenditures are m be limited to (a) $100, (b) $200, (c) $400. Which isocost curve is higher? Are they parallel? Redo if the wage doubles from $2 per hour

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