In January 2025
Answer to Question #130869 in Microeconomics for umer
The slope of an iso-cost line is equal to the slope of an isoquant since the slope of an isoquant tells the firm how much capital is needed to replace a unit of labor to maintain the output while the slope of an iso-cost line shows the relative price of the inputs.
Slope=W/rWhere W is price of labour
r is the price of capital
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