(Figure: Capital and Labor IX) The movement in the isocost line is caused by a(n):
A) decrease in the wage rate.
B) increase in the wage rate or rental rate of capital.
C) increase in the wage rate.
D) decrease in the rental rate of capital.

Question

(Figure: Capital and Labor IX) The movement in the isocost line is caused by a(n): 
A) decrease in the wage rate. 
B) increase in the wage rate or rental rate of capital. 
C) increase in the wage rate. 
D) decrease in the rental rate of capital.

Quizplus · Accepted Answer

The Answer of (Figure: Capital and Labor IX) The movement in the isocost line is caused by a(n): 
A) decrease in the wage rate. 
B) increase in the wage rate or rental rate of capital. 
C) increase in the wage rate. 
D) decrease in the rental rate of capital.

(Figure: Capital and Labor IX) the Movement in the Isocost