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Author Question: Other things being equal, if it becomes more difficult to substitute capital for labour in the ... (Read 45 times)

kled

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on: Oct 12, 2022

Question 1

Consider a firm's demand curve for labour. If a technological change makes it easier to substitute capital for labour, the demand curve for labour
◦ shifts parallel to the right.
◦ is not affected.
◦ becomes more inelastic.
◦ shifts parallel to the left.
◦ becomes more elastic.

Question 2

Other things being equal, if it becomes more difficult to substitute capital for labour in the production of cell phones, the demand curve for labour in that industry
◦ will shift parallel to the left.
◦ will become more inelastic.
◦ will shift parallel to the right.
◦ will become more elastic.
◦ will remain unchanged.
Microeconomics ¦ Ragan ¦ 17th Edition
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Marked as best answer by kled on Oct 12, 2022

risolinick@gmail.com

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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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kled

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Reply 2 on: Oct 12, 2022
Excellent

CAPTAINAMERICA

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

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