Two Inputs,labor and Capital,are Considered Substitutes If

question 92

Multiple Choice

Two inputs,labor and capital,are considered substitutes if:

• A)a fall in the price of labor leads to no change in the price of capital
• B)the marginal rate of technical substitution of labor for capital is less than one.
• C)a fall in the price of labor leads to an increase in the price of capital
• D)increasing the quantity of labor decreases the marginal product of capital

---

Definitions:

Preferred Method

A favored or chosen technique or approach for achieving a specific outcome or handling a situation.

Follow-Up Letters

Written communications sent after interviews or meetings to express gratitude, reinforce interest, and provide or request further information.

Disappointment

A feeling of sadness or displeasure caused by the non-fulfillment of one's hopes or expectations.

Informative Reports

Documents or presentations aimed at delivering factual and unbiased information on a specific topic or situation.