1] The scale effect of an increase in the wage a) only impacts firm decisions in the short run b) will cause the firm to reduce use of both capital and labor c) affects the firms demand for labor, but not its demand for capital d) refers to the firms increase in demand for now relatively cheap capital

1] The scale effect of an increase in the wage a) only impacts firm decisions in the short run b) will cause the firm to reduce use of both capital and labor c) affects the firms demand for labor, but not its demand for capital d) refers to the firms increase in demand for now relatively cheap capital

ENGR.ECONOMIC ANALYSIS

14th Edition

ISBN:9780190931919

Author:NEWNAN

Publisher:NEWNAN

Chapter1: Making Economics Decisions

Section: Chapter Questions

Problem 1QTC

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