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Assume the cost of capital is $10 per unit and the firm is spending $5,000 in total. Which of the following is true? I. At
Assume the cost of capital is $10 per unit and the firm is spending $5,000 in total. Which of the following is true?
I. At point D, the slope of the isoquant is greater than 5 in absolute value
II. At point C, the slope of the isoquant is greater than 4 in absolute value
III. At point E, the slope of the isoquant is greater than 5 in absolute value
I and III
I, II, and III
III only
II only
I and II
I only
II and III
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