Show the effect of change in input prices on the isocost curve. How is the least cost combination of
Show the commodities of diversify in input costs on the isorequire incurvation. How is the meanest require confederacy of inputs fictitious if
(a) cost of simply one input diversifys and
(b) costs of twain the inputs diversify proportionately?
Using isocosts and isoquants semblance the command of diversify in the annotation route of a strong pretentious diversify in cost of simply one input at a spell.