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If a firm could increase profits by hiring less labor and more capital, then

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6 years ago

If a firm could increase profits by hiring less labor and more capital, then

If a firm could increase profits by hiring less labor and more capital, then
A) the price of labor exceeds the price of capital.
B) the optimal production technique must be capital intensive.
C) the last dollar spent on labor must yield a smaller increase in output than the last dollar spent on capital.
D) the last dollar spent on labor must yield a larger increase in output than the last dollar spent on capital.

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Good timing, thanks!

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