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Refer to the article titled San Francisco's Problem Isn't Robots; It's the $15 Wage Floor from the Wall Street Journal.Assume as in class Labor is
Refer to the article titled "San Francisco's Problem Isn't Robots; It's the $15 Wage Floor" from the Wall Street Journal.Assume as in class Labor is on the horizontal axis and Kapital on the vertical axis and the firm currently produces 100 units at a cost of $1,000.When the minimum wage in San Francisco is raised to $15, the Isocost line representing Total Cost would:
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