Refer to the information provided in Figure 7.9 below to answer the question(s) that follow. Figure 7.9
-Refer to Figure 7.9. The firmʹs isocost line could shift from CD to AB if
A) the price of capital increased.
B) the firmʹs total expenditures decreased by 33%.
C) the price of capital and labor each increased by 33%.
D) either B or C

Question

Refer to the information provided in Figure 7.9 below to answer the question(s) that follow.  Figure 7.9
-Refer to Figure 7.9. The firmʹs isocost line could shift from CD to AB if
A) the price of capital increased. 
B) the firmʹs total expenditures decreased by 33%. 
C) the price of capital and labor each increased by 33%. 
D) either B or C

Quizplus · Accepted Answer

The Answer of Refer to the information provided in Figure 7.9 below to answer the question(s) that follow.  Figure 7.9
-Refer to Figure 7.9. The firmʹs isocost line could shift from CD to AB if
A) the price of capital increased. 
B) the firmʹs total expenditures decreased by 33%. 
C) the price of capital and labor each increased by 33%. 
D) either B or C

Refer to the Information Provided in Figure 7