Answered: Holding the output of stereo sets…

Holding the output of stereo sets constant, a large increase in the use of the input capital will cause the labour input to increase proportionately to capital. True or False?

Exploring Economics

8th Edition

ISBN:9781544336329

Author:Robert L. Sexton

Publisher:Robert L. Sexton

Chapter16: The Markets For Labor, Capital, And Land

Section: Chapter Questions

Problem 16P

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Holding the output of stereo sets constant, a large increase in the use of the input capital will cause the labour input to increase proportionately to capital.

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