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Business, 21.11.2019 06:31 ngoziblack

1) define the term isoquant, explain what its slope indicates, and be sure to give the name for the (negative of) the slope of the isoquant. do the same for isocost. explain the context in which the economist uses the isoquant and the isocost. 2) explain the relationship between cost of producing any given level of output in the long and the short run. using a diagram may

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