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In the context of isoquants and isocosts, what does it mean when they have the same slope? The firm is making a loss, the firm
In the context of isoquants and isocosts, what does it mean when they have the same slope? The firm is making a loss, the firm has to increase its budget, the firm is at its budget limit, any combinations of k and l on the isocost line is optimal
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Introduction to Econometrics
Authors: James H. Stock, Mark W. Watson
3rd edition
133595420, 978-0138009007, 138009007, 978-0133486872, 133486877, 978-0133595420
