An iso-cost line will shift parallelly outwards or further away from the origin if:

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Economics · Production Function

Verified Solution4 OptionsUpdated: October 2026👁️1 View

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the total budget outlay or cost allocation increases

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Answer 1

the market price of the final product increases

Answer 2

there is an advancement in production technology

Answer 3

the total budget outlay or cost allocation increases

Answer 4

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