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Graph the isocost line associated with a wage of $10 per hour and a price of capital of $50 for total costs of $200, $240,
Graph the isocost line associated with a wage of $10 per hour and a price of capital of $50 for total costs of $200, $240, and $300. Suppose the wage rises to $15 and the price of capital stays at $50. Show how the isocost line moves for the case in which total costs are $300.
Please include image of graph
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