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If isoquants are plotted on a graph with capital measured on the vertical axis and labor on the horizontal axis, then an increase in the wage rate will cause the isocost linea)to become steeper and the optimal quantity of labor will decreaseb)to become steeper and the optimal quantity of labor will increasec)to become flatter and the optimal quantity of labor will decreased)to become flatter and the optimal quantity of labor will increaseCorrect answer is option 'A'. Can you explain this answer? for CA Foundation 2024 is part of CA Foundation preparation. The Question and answers have been prepared according to the CA Foundation exam syllabus. Information about If isoquants are plotted on a graph with capital measured on the vertical axis and labor on the horizontal axis, then an increase in the wage rate will cause the isocost linea)to become steeper and the optimal quantity of labor will decreaseb)to become steeper and the optimal quantity of labor will increasec)to become flatter and the optimal quantity of labor will decreased)to become flatter and the optimal quantity of labor will increaseCorrect answer is option 'A'. Can you explain this answer? covers all topics & solutions for CA Foundation 2024 Exam. Find important definitions, questions, meanings, examples, exercises and tests below for If isoquants are plotted on a graph with capital measured on the vertical axis and labor on the horizontal axis, then an increase in the wage rate will cause the isocost linea)to become steeper and the optimal quantity of labor will decreaseb)to become steeper and the optimal quantity of labor will increasec)to become flatter and the optimal quantity of labor will decreased)to become flatter and the optimal quantity of labor will increaseCorrect answer is option 'A'. Can you explain this answer?.

Solutions for If isoquants are plotted on a graph with capital measured on the vertical axis and labor on the horizontal axis, then an increase in the wage rate will cause the isocost linea)to become steeper and the optimal quantity of labor will decreaseb)to become steeper and the optimal quantity of labor will increasec)to become flatter and the optimal quantity of labor will decreased)to become flatter and the optimal quantity of labor will increaseCorrect answer is option 'A'. Can you explain this answer? in English & in Hindi are available as part of our courses for CA Foundation. Download more important topics, notes, lectures and mock test series for CA Foundation Exam by signing up for free.

Here you can find the meaning of If isoquants are plotted on a graph with capital measured on the vertical axis and labor on the horizontal axis, then an increase in the wage rate will cause the isocost linea)to become steeper and the optimal quantity of labor will decreaseb)to become steeper and the optimal quantity of labor will increasec)to become flatter and the optimal quantity of labor will decreased)to become flatter and the optimal quantity of labor will increaseCorrect answer is option 'A'. Can you explain this answer? defined & explained in the simplest way possible. Besides giving the explanation of If isoquants are plotted on a graph with capital measured on the vertical axis and labor on the horizontal axis, then an increase in the wage rate will cause the isocost linea)to become steeper and the optimal quantity of labor will decreaseb)to become steeper and the optimal quantity of labor will increasec)to become flatter and the optimal quantity of labor will decreased)to become flatter and the optimal quantity of labor will increaseCorrect answer is option 'A'. Can you explain this answer?, a detailed solution for If isoquants are plotted on a graph with capital measured on the vertical axis and labor on the horizontal axis, then an increase in the wage rate will cause the isocost linea)to become steeper and the optimal quantity of labor will decreaseb)to become steeper and the optimal quantity of labor will increasec)to become flatter and the optimal quantity of labor will decreased)to become flatter and the optimal quantity of labor will increaseCorrect answer is option 'A'. Can you explain this answer? has been provided alongside types of If isoquants are plotted on a graph with capital measured on the vertical axis and labor on the horizontal axis, then an increase in the wage rate will cause the isocost linea)to become steeper and the optimal quantity of labor will decreaseb)to become steeper and the optimal quantity of labor will increasec)to become flatter and the optimal quantity of labor will decreased)to become flatter and the optimal quantity of labor will increaseCorrect answer is option 'A'. Can you explain this answer? theory, EduRev gives you an ample number of questions to practice If isoquants are plotted on a graph with capital measured on the vertical axis and labor on the horizontal axis, then an increase in the wage rate will cause the isocost linea)to become steeper and the optimal quantity of labor will decreaseb)to become steeper and the optimal quantity of labor will increasec)to become flatter and the optimal quantity of labor will decreased)to become flatter and the optimal quantity of labor will increaseCorrect answer is option 'A'. Can you explain this answer? tests, examples and also practice CA Foundation tests.