the early nineteenth century. 1.8 1.4 Wages relative to the cost of capital 0.9 0.5 England France 0 1580 1600 1620 1640 1660 1680 1700 1720 1740 1760 1780 1800 1820 Year Which element in the model of firm's technology choice is represented by the variable on the vertical axis, i.e. wages relative to the cost of capital? a. the vertical axis (tonnes of coal) O b. the horizontal axis (number of workers) O c. slope of the isocost lines O d. Points A and B

MATLAB: An Introduction with Applications
6th Edition
ISBN:9781119256830
Author:Amos Gilat
Publisher:Amos Gilat
Chapter1: Starting With Matlab
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the early nineteenth century.
1.8
1.4
Wages relative to the cost of capital
0.9
0.5
England
France
0
1580 1600 1620 1640 1660 1680 1700 1720 1740 1760 1780 1800 1820
Year
Which element in the model of firm's technology choice is represented by the
variable on the vertical axis, i.e. wages relative to the cost of capital?
a. the vertical axis (tonnes of coal)
O b. the horizontal axis (number of workers)
O c.
slope of the isocost lines
O d.
Points A and B
Transcribed Image Text:the early nineteenth century. 1.8 1.4 Wages relative to the cost of capital 0.9 0.5 England France 0 1580 1600 1620 1640 1660 1680 1700 1720 1740 1760 1780 1800 1820 Year Which element in the model of firm's technology choice is represented by the variable on the vertical axis, i.e. wages relative to the cost of capital? a. the vertical axis (tonnes of coal) O b. the horizontal axis (number of workers) O c. slope of the isocost lines O d. Points A and B
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