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Home Q & A Board Other Fields Homework Help Business Economics
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Ryanteck Ryanteck
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6 years ago
Assume that the price of labor and capital have remained the same, but that the average educational level of workers has increased and therefore the productivity of labor has increased. This would lead a firm to
A) use a more labor-intensive technology.
B) use only labor to produce the product.
C) use a more capital-intensive production technology.
D) not change its production technology, but to produce fewer units of output.
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goldlilysgoldlilys
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6 years ago
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Ryanteck Author
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6 years ago
Helped a lot
sudenzia
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Yesterday
Good timing, thanks!
jasonbourne
wrote...

2 hours ago
Smart ... Thanks!
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