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Author Question: When a large amount of output is produced per unit of the input, the input is said to exhibit (Read 134 times)

LaDunn

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Question 1

A decrease in the wage rate will change


◦ only the amount of labor hired.
◦ the amount of labor employed, and it may also change the amount of other inputs employed.
◦ the price the firm charges for the product, but it will not affect the demand for any of the inputs.
◦ the firm's profit-maximizing level output, but not its usage of inputs.

Question 2

When a large amount of output is produced per unit of the input, the input is said to exhibit


◦ high productivity.
◦ low productivity.
◦ marginal productivity.
◦ derived productivity.


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Marked as best answer by LaDunn on Apr 19, 2019

TDubDCFL

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