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The production function for a company that builds houses depends on the number of power tools(qK) that are available and the number of workers(qL) .
The production function for a company that builds houses depends on the number of power tools(qK)
that are available and the number of workers(qL)
. Power tool rental costs $7 per hour, while each worker can be hired at a rate of $35 per hour. If the company must reduce its total spending on construction, what happens to the slope of the isocost curve?
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