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Suppose a firm uses labour (L) and capital (K) as its only inputs to produce an output, Q. The cost of labour is w =

Suppose a firm uses labour (L) and capital (K) as its only inputs to produce an output, Q. The

cost of labour is w = $5 per labour hour and the cost of capital is r = $15 per machine hour.

What is the equation of the $1.5 million isospending line?

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