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Assume that the price of labor and capital have remained the same, but that the average educational ...

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Assume that the price of labor and capital have remained the same, but that the average educational ...

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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