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Commerce · Q1067

Economics

Graduate and Post Graduate · Commerce · question 1067

Q1067

In a two-input situation (K and L), if one of the inputs, say L, is available free of cost to a producer, then the factor price curve or the producer's budget curve is

A.
horizontal
B.
exponential
Answer
C.
rectangular hyperbolic
D.
L-shaped

Answer: Option B

Solution

Answer: Option B
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