All Else Constant,a Decrease in the Per Unit Price of Labor

question 61

True/False

All else constant,a decrease in the per unit price of labor would create an incentive for a firm manager to substitute labor for capital in the firm's production process.

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Definitions:

Gametes

Reproductive cells (sperm in males and eggs in females) that carry genetic information and can fuse during fertilization to start the development of a new individual.

Zygote

The initial cell formed when a sperm cell from a male fertilizes an egg cell from a female, marking the beginning of a new organism's development.

Chromosome

One of the 46 molecules of DNA (in 23 pairs) that virtually every cell of the human body contains and that, together, contain all of the genes. Other species have more or fewer chromosomes.

Involuntary Response

A reflex or action that occurs automatically without conscious thought, often as a result of a stimulus.