Figure 11-6 
-Refer to Figure 11-6.The movement from isoquant T to isoquant U depicts
A) a change in preferences with regards to input usage.
B) an increase in the cost of production.
C) an increase in output.
D) an increase in labor usage holding capital and output constant.
Correct Answer:
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Q148: Suppose Argyle Sachs has to choose between
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A)the price
A)profits.
B)total costs
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