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

Question

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

Quizplus · Accepted Answer

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

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