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    Business
  3. Study Set
    Economics Principles and Policy Study Set 2
  4. Exam
    Exam 7: Production, Inputs, and Cost: Building Blocks for Supply Analysis
  5. Question
    Table 7-4
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Table 7-4

Question 140

Question 140

Multiple Choice

Table 7-4 Table 7-4     -Table 7-4 shows a production relationship.The cost of one day of labor is $65 and the product price is $1 per unit.How much will the labor input increase if the capital stock were increased from 3 to 4? A) From 3 to 4 B) From 4 to 5 C) From 4 to 6 D) Stays the same Table 7-4     -Table 7-4 shows a production relationship.The cost of one day of labor is $65 and the product price is $1 per unit.How much will the labor input increase if the capital stock were increased from 3 to 4? A) From 3 to 4 B) From 4 to 5 C) From 4 to 6 D) Stays the same
-Table 7-4 shows a production relationship.The cost of one day of labor is $65 and the product price is $1 per unit.How much will the labor input increase if the capital stock were increased from 3 to 4?


A) From 3 to 4
B) From 4 to 5
C) From 4 to 6
D) Stays the same

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