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(See Solution) Suppose the new leadership in Congress decides to repeal some of the tax breaks granted to large businesses during the past several years. If investment

Question: Suppose the new leadership in Congress decides to repeal some of the tax breaks granted to large businesses during the past several years. If investment tax credits granted earlier are either repealed or eliminated, what impact will the repeal have on the exporting of jobs to foreign countries? Explain using isoquant/isocost theory.

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