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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
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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
This helped my grade so much Perfect
Starfiew
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Correct Slight Smile TY
Butwhy
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Helped a lot
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