Multiple Choice
Assume that the Welter Company is renting capital and hiring labor such that the bang per buck from each resource is the same.If wages of labor increase,its use of labor ________ and capital ________.
A) increases; falls
B) falls; falls
C) increases; increases
D) stays the same; falls
E) falls; increases
Correct Answer:
Verified
Correct Answer:
Verified
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