This topic contains a solution. Click here to go to the answer
« previous next »

Author Question: The table shows the required quantities of labor and capital to produce 1000 pencils with different ... (Read 97 times)

billyboy7272

  • Full Member
  • ***
  • Posts: 149
on: Nov 23, 2022
The table shows the required quantities of labor and capital to produce 1000 pencils with different technologies.

TechnologyCapitalLabor
A7​6​
B2​9​
C8​2​
In a low-wage country, labor costs $25 per day and capital costs $37.5 per day. In a high-wage country, labor costs $100 per day and capital costs $12.5 per day.
Suppose the firm moves from a low-wage country to a high-wage country, employment ________ (increases/decreases) by ________ workers.
◦ increases, 3
◦ decreases, 3
◦ decreases, 7
◦ increases, 7
Macroeconomics ¦ Acemoglu, Laibson, List ¦ 3rd Edition
Buy Test-Bank


Related Topics

Need homework help now?

Ask unlimited questions for free

Ask a Question
Marked as best answer by billyboy7272 on Nov 23, 2022

JulianneMu

  • Full Member
  • ***
  • Posts: 155
Reply #1 on: Nov 23, 2022
Lorsum iprem. Lorsus sur ipci. Lorsem sur iprem. Lorsum sur ipdi, lorsem sur ipci. Lorsum sur iprium, valum sur ipci et, vala sur ipci. Lorsem sur ipci, lorsa sur iprem. Valus sur ipdi. Lorsus sur iprium nunc, valem sur iprium. Valem sur ipdi. Lorsa sur iprium. Lorsum sur iprium. Valem sur ipdi. Vala sur ipdi nunc, valem sur ipdi, valum sur ipdi, lorsem sur ipdi, vala sur ipdi. Valem sur iprem nunc, lorsa sur iprium. Valum sur ipdi et, lorsus sur ipci. Valem sur iprem. Valem sur ipci. Lorsa sur iprium. Lorsem sur ipci, valus sur iprem. Lorsem sur iprem nunc, valus sur iprium.
Answer Preview
Only 29% of students answer this correctly


billyboy7272

  • Member
  • Posts: 149
Reply 2 on: Nov 23, 2022
Excellent

FergA

  • Member
  • Posts: 352
Reply 3 on: Yesterday
Gracias!

« previous next »
 

Did you know?

Cocaine was isolated in 1860 and first used as a local anesthetic in 1884. Its first clinical use was by Sigmund Freud to wean a patient from morphine addiction. The fictional character Sherlock Holmes was supposed to be addicted to cocaine by injection.

Did you know?

The ratio of hydrogen atoms to oxygen in water (H2O) is 2:1.

Did you know?

Before a vaccine is licensed in the USA, the Food and Drug Administration (FDA) reviews it for safety and effectiveness. The CDC then reviews all studies again, as well as the American Academy of Pediatrics and the American Academy of Family Physicians. Every lot of vaccine is tested before administration to the public, and the FDA regularly inspects vaccine manufacturers' facilities.

Did you know?

To prove that stomach ulcers were caused by bacteria and not by stress, a researcher consumed an entire laboratory beaker full of bacterial culture. After this, he did indeed develop stomach ulcers, and won the Nobel Prize for his discovery.

Did you know?

Side effects from substance abuse include nausea, dehydration, reduced productivitiy, and dependence. Though these effects usually worsen over time, the constant need for the substance often overcomes rational thinking.

Activating a gene to produce “marathon mice.” Activating a gene to produce “marathon mice.”
The graph shows the effect of sonic tuning of the intake manifold runners. The longer runners ... The graph shows the effect of sonic tuning of the intake manifold runners. The longer runners ...
Step stool can help clients get onto and off of a high table. Step stool can help clients get onto and off of a high table.
DOT placarding requirements: Table 1 materials must be placarded in any quantity, and Table 2 ... DOT placarding requirements: Table 1 materials must be placarded in any quantity, and Table 2 ...
Effect of Shifting Labor into R&D Effect of Shifting Labor into R&D
Life Table for an Annual Plant Cohort Life Table for an Annual Plant Cohort
Video: Methods of carbon dioxide transport - carbaminohemoglobin and bicarbonate ions

For a complete list of videos, visit our video library