Isoquant diagram to show how optimal combination of labor

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Use an isoquant diagram to show how the optimal combination of labor and capital changes when the wage rate declines if labor and capital are substitutes in production. Be sure to neatly and completely label your diagram.

Reference no: EM131239173

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Isoquant diagram to show how optimal combination of labor : Use an isoquant diagram to show how the optimal combination of labor and capital changes when the wage rate declines if labor and capital are substitutes in production. Be sure to neatly and completely label your diagram.

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