
Contemporary Labor Economics 9th Edition by Campbell Mcconnell, Stanley Brue, David Macpherson, Robert Powell, David Colander
Edition 9ISBN: 9780073375953
Contemporary Labor Economics 9th Edition by Campbell Mcconnell, Stanley Brue, David Macpherson, Robert Powell, David Colander
Edition 9ISBN: 9780073375953 Exercise 17
Use the concepts of (a) substitutes in production versus pure complements in production and (b) gross substitutes versus gross complements to assess the likely impact of the rapid decline in the price of computers and related office equipment on the labor demand for secretaries.
Explanation
When labor and capital are substitute in...
Contemporary Labor Economics 9th Edition by Campbell Mcconnell, Stanley Brue, David Macpherson, Robert Powell, David Colander
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