All Else Constant,the Choice of Whether to Use a Labor-Intensive

question 33

Multiple Choice

All else constant,the choice of whether to use a labor-intensive production process or a capital-intensive one is depends on:

• A)the absolute prices of capital and labor.
• B)the relative prices of capital labor.
• C)the type of market in which the firm operates.
• D)whether the economy is growing or shrinking.

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