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Question: 13 method a and method b are 2 points along...

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13. Method A and Method B are 2 points along an isoquant. If labour is 3 times as expensive as capital (i.e. Pu/PK-3) then the slope of the isocost line in the diagram below is which implies that isocost line going through A w le the one going through B which implies that A coststhan B LI,S 104... yxtb above below above below below a) Minus 3 more less more Minus 3 Minus 1/3 Minus 1/3 Minus 1/3 more
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