Multiple Choice
If the price of capital rises, the firm
A) tends to hire less capital and more labor.
B) tends to hire more capital and less labor.
C) tends to hire more capital and more labor.
D) tends to hire less capital and less labor.
E) does not change its hiring practices.
Correct Answer:
Verified
Correct Answer:
Verified
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Q18: Exhibit 8-4 <img src="https://d2lvgg3v3hfg70.cloudfront.net/TB6906/.jpg" alt="Exhibit 8-4
Q19: Exhibit 8-9 <img src="https://d2lvgg3v3hfg70.cloudfront.net/TB6906/.jpg" alt="Exhibit 8-9
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