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PaulKet PaulKet
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6 years ago
Suppose that each worker must use only one shovel to dig a trench, and shovels are useless by themselves. In the long run, an increase in the price of shovels will result in
A) fewer shovels being purchased to produce the same number of trenches.
B) more workers being hired to produce the same number of trenches.
C) the firm wishing to produce more trenches.
D) no change in the firm's input mix.
Textbook 
Microeconomics: Theory and Applications with Calculus

Microeconomics: Theory and Applications with Calculus


Edition: 4th
Author:
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The curious task of economics is to demonstrate to men how little they really know about what they imagine they can design.

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#1
6 years ago
D
PaulKet Author
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#2
6 years ago
A Plus Slight Smile
The curious task of economics is to demonstrate to men how little they really know about what they imagine they can design.
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