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In the Widget industry, it takes two workers (with other inputs) to produce each widget and since ...

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In the Widget industry, it takes two workers (with other inputs) to produce each widget and since ...

In the Widget industry, it takes two workers (with other inputs) to produce each widget and since consumers demand 1000 widgets at its current price, 2000 workers are employed in the industry. Which of the following could occur if the price of capital falls and labor and capital are substitutes in production?
A) It takes 2.2 workers per widget and 1200 widgets are produced and sold.
B) It takes 1.9 workers per widget and 1200 widgets are produced and sold.
C) It takes 2.2 workers per widget and 900 widgets are produced and sold.
D) It takes 1.9 workers per widget and 900 widgets are produced and sold.

Textbook

Modern Labor Economics: Theory and Public Policy

Edition: 12^th

Authors: Ehrenberg, Smith

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