D Suppose that during an economic boom capital costs rise by 100% and are expected to stay at that level for a long time, while the labour costs stay the same. Draw the firm's output expansion path before and after the boom. Assume that the firm has downward sloping strictly convex isoquants. (Draw several isoquants and isocosts). Put labour on the horizontal axis. four times three times . New isocosts will have slope equal to [ Select ] twice the slope of the original exactly one half isocosts. more one third one fourth more . The firm will hire [ Select ] less labour and [ Select less the same amount of capital to produce the same amount of output. the same amount of . Output expansion path will [ Select ] shift/tilt to the right shift/tilt to the left stay the same