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Author Question: When a cost-minimizing firm is faced with an increase in the relative price of labour, it adjusts ... (Read 109 times)

Caileynorton

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on: Oct 12, 2022
When a cost-minimizing firm is faced with an increase in the relative price of labour, it adjusts its factor usage so as to
◦ maintain the previous usage of labour.
◦ use more of both capital and labour per unit of output.
◦ increase the marginal product of labour relative to the marginal product of capital.
◦ use more labour per unit of output than before.
◦ increase the marginal product of capital relative to the marginal product of labour.
Microeconomics ¦ Ragan ¦ 17th Edition
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Marked as best answer by Caileynorton on Oct 12, 2022

Sha

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Reply #1 on: Oct 12, 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.
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Caileynorton

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Reply 2 on: Oct 12, 2022
Great answer, keep it coming :)

tkempin

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Reply 3 on: Yesterday
Thanks for the timely response, appreciate it

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