Multiple Choice
In recent years,garbage collection has changed dramatically.Twenty-five years ago a crew of up to 4 or 5 workers and 1 truck collected residential garbage.Now collection is often done by one driver and 1 more fully automated truck.What is an explanation for this change?
A) Over long periods of time,labour is always replaced by capital.
B) Over long periods of time,capital is always replaced by labour.
C) Firms and municipalities substituted away from an increasingly expensive factor (labour) and toward an increasingly inexpensive factor (capital) .
D) Firms and municipalities substituted away from a factor whose price was falling (labour) and toward a factor whose price was rising(capital) .
E) The marginal product of labour was falling over time while the marginal product of capital was rising.
Correct Answer:

Verified
Correct Answer:
Verified
Q91: Which of the following paired concepts are
Q92: Of the following,which is the least likely
Q93: The figure below shows a family of
Q94: Refer to Figure 8-6.Suppose there is a
Q95: A firm's least-cost position for producing a
Q97: Suppose a firm moves from one isoquant
Q98: Which of the following statements concerning long-run
Q99: <img src="https://d2lvgg3v3hfg70.cloudfront.net/TB5441/.jpg" alt=" FIGURE 8-1 -Refer
Q100: Which of the following is unlikely to
Q101: The long-run average cost curve is an