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insherro insherro
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7 years ago
As the price of labor increases relative to the price of capital, the firm will move to a more labor-intensive production method to minimize costs.
Textbook 
Economics for Managers

Economics for Managers


Edition: 3rd
Author:
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University of Ottawa - Economics for Managers
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toogootoogoo
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7 years ago
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insherro Author
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7 years ago
Good timing, thanks!
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Yesterday
This calls for a celebration Person Raising Both Hands in Celebration
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2 hours ago
Smart ... Thanks!
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