Economy, asked by agneschhakchhuak, 6 months ago

can isocost line convex to the origin

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Answered by manshi8723

Answer:

An isocost line is a line that represents all combinations of a firm's factors of production that have the same total cost. Factors of production are generally classified as either capital (K) or labor (L). An isoquant must always be convex to the origin.

Explanation:

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