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    Economics for Managers
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    Exam 6: Production and Cost Analysis in the Long Run
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    Assuming Capital and Labor Are Substitutes,an Improvement in Technology That
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Assuming Capital and Labor Are Substitutes,an Improvement in Technology That

Question 82

Question 82

True/False

Assuming capital and labor are substitutes,an improvement in technology that affects only the productivity of capital would cause a firm to employ more capital but leave the amount of labor employed unchanged.

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