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Imagine a firm spends $1,000 on two inputs, capital and labor. Also, suppose the wage is $30 and the rental cost of capital is $90.
Imagine a firm spends $1,000 on two inputs, capital and labor. Also, suppose the wage is $30 and the rental cost of capital is $90. What is the slope of the isocost curve?
| A. | 1/3 | |
| B. | -3 | |
| C. | -1/3 | |
| D. | 3 |
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Wiley CIA Essentials Of Internal Auditing Exam Review 2022 Part 1
Authors: S. Rao Vallabhaneni
1st Edition
1119846285, 978-1119846284
