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If a and B Are Substitutes and the Cost of a Factor

question 149

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If A and B are substitutes and the cost of a factor of production used in the production of A increases,then the price of


Definitions:

Income and Losses

The financial results of a company's operations, with income indicating profit and losses reflecting expenses that exceed revenues.

Salaries

Payments made to employees for their services, typically expressed in terms of annual amounts but paid in installments like weekly or monthly.

Capital Balances

The amount of money invested in a business by its owners or shareholders, shown on a company's balance sheet.

Net Income

The total profit of a company after all expenses have been deducted from revenue, indicating the company's financial performance in a given period.

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