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Home Q & A Board Other Fields Homework Help Business Economics
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Thinh Thinh
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3 years ago
If capital is fixed, but a firm varies labor

▸ the firm stays on the same isoquant.

▸ the firm moves to a new isoquant.

▸ the firm might move to a new isoquant, depending on how much labor is added.

▸ the firm's output will be dependent on the marginal rate of technical substitution.
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Managerial Economics and Strategy

Managerial Economics and Strategy


Edition: 3rd
Authors:
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chai2012chai2012
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3 years ago
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Thinh Author
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3 years ago
Thank you, thank you, thank you!
Mcb
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Yesterday
Good timing, thanks!
njn;l
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2 hours ago
I appreciate what you did here, answered it right Smiling Face with Open Mouth
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