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Suppose that the price of labor (pl) is $10 and the price of capital (pk) is $20. what is the equation of the isocost line corresponding to a total cost of $100? pl + 20pk 100 = 10l + 20k 100 = 30(l+k)
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Suppose that the price of labor (pl) is $10 and the price of capital (pk) is $20. what is the equation of the isocost line corresponding to a total cost of $100? pl + 20pk 100 = 10l + 20k 100 = 30(l+k) 100 + 30 none of these

User StanleyZheng
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User PiyushGoyal
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