question archive Why are isocost lines straight lines? Consider a firm whose only variable input is labor
Why are isocost lines straight lines? Consider a firm whose only variable input is labor
Subject:EconomicsPrice: Bought3
Why are isocost lines straight lines? Consider a firm whose only variable input is labor. If the MC of production is diminishing as more and more units are produced, what is happening to the marginal product of labor? The average total cost of production?
