phone-making company operates a plant in City A where labor is more expensive as compared to capital, and another plant in City B where capital is more expensive as compared to labor. The graph shows the two isocost lines for the City A  and City B plants. The two plants have identical isoquants as depicted below. a. Identify the isocost line of each of the company’s plants.  b. If the plant in City A wants to minimize costs, it should employ a combination of labor and capital

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