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SebKom SebKom
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6 years ago
Output is produced with capital and labor. If the price of capital goes up,
A) the price of output will fall.
B) output will be increased.
C) the firm will use more labor per unit of output produced. 
D) None of the above will result when the price of capital goes up.
Textbook 
Modern Labor Economics: Theory and Public Policy

Modern Labor Economics: Theory and Public Policy


Edition: 12th
Authors:
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MattVMattV
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6 years ago
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