Price of other input stays the same

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1. If a firm minimizes long run cost, what condition or conditions must be met?

2. What happens to isocost line if the price of one input increases and the price of other input stays the same?

Reference no: EM131286028

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Price of other input stays the same : 1. If a firm minimizes long run cost, what condition or conditions must be met? 2. What happens to isocost line if the price of one input increases and the price of other input stays the same?
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