Determining isocost graph

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Reference no: EM1311312

Suppose you are reviewing an isocost graph.  The axis on the graph shows capital units on the vertical axis, and labor units on the horizontal axis.  If someone tells you the y intercept for an isocost line representing expenditures of $1,000,000 dollars occurs at 4 units, and the x intercept for the same isocost line is 5 units, what does that mean?

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Reference no: EM1311312

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