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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.
Textbook 
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
You make an excellent tutor!
DaiwalkerX
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Yesterday
Smart ... Thanks!
Alina01978
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Thanks for your help!!
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