When Two Factors Are Substitutes in Production,an Increase in the Employment

question 58

True/False

When two factors are substitutes in production,an increase in the employment of one increases the marginal product of the other.

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Definitions:

Crisis

A time of intense difficulty, trouble, or danger, requiring a decision that can result in significant change.

Identity

The characteristics, values, and beliefs that define an individual or group and distinguish them from others.

Internalization

The process by which individuals absorb and integrate the values, norms, and regulations of society or a group into their own behavior and understanding.

Identification

The process of associating oneself closely with other individuals and their characteristics or adopting aspects of their identity into one’s own personality.