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Consider the concept of Isocost lines. If you were to summarize what you know about them, what would you say? They: Question 3 options: are

Consider the concept of Isocost lines. If you were to summarize what you know about them, what would you say? They: Question 3 options: are in fact the inverse of the isoquant lines. show the input bundles that result in a specific marginal cost to the firm. represent supply and demand for inputs at a given cost. show the input bundles that result in a specific total cost to the firm

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