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Author Question: The table shows the required quantities of labor and capital to produce 1000 pencils with different ... (Read 103 times)

billyboy7272

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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
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Marked as best answer by billyboy7272 on Nov 23, 2022

JulianneMu

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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.
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billyboy7272

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Reply 2 on: Nov 23, 2022
Thanks for the timely response, appreciate it

ktidd

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Reply 3 on: Yesterday
Excellent

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