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The slope of the isocost line tells producers a. how much capital can be purchased given the expenditure the producer is willing to make. b.

The slope of the isocost line tells producers

a. how much capital can be purchased given the expenditure the producer is willing to make.

b. how much labor can be purchased given the wage.

c. how much capital can be purchased given the wage.

d. how much capital must be given up to purchase one more unit of labor.

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