Refer to Figure 11-13. The lines shown in the diagram are isocost lines. Which of the following shows a decrease in the price of capital while the price of labor remains unchanged?

A) the movement from BF to AF B) the movement from BF to BD
C) the movement from AF to BF D) the movement from BF to CE


A

Economics

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A business produces eight items and sells them for $25 each. The total cost of producing the items is $190 for explicit costs and $200 for implicit costs. Accounting profit is:

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Economics