Graphically, all else constant, a decrease in the price of labor would
Graphically, all else constant, a decrease in the price of labor would be illustrated by:
A) a parallel shift of the isocost line in toward the origin.
B) rotating the isocost line away from the origin along the labor axis.
C) a parallel shift of the isocost line away from the origin.
D) rotating the isocost line in toward the origin along the capital axis.
ANSWER
B
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