Labor and Land Are Substitutes

question 24

Multiple Choice

Labor and land are substitutes.If rent goes up and the amount of labor used goes down,we can assume that the

• A)output effect outweighed the substitution effect.
• B)the substitution effect outweighed the output effect.
• C)the substitution effect and the output effect canceled each other out.
• D)there is no way to determine the relative weights of the substitution effect and the output effect.

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Definitions:

Network Administrators

Professionals responsible for managing, maintaining, and troubleshooting computer networks within an organization to ensure optimal performance.

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Professionals responsible for overseeing and managing information technology projects and resources within an organization.

Data Transfer Rate

The speed at which data is transmitted from one device to another, measured in bits per second (bps), impacting the efficiency of data communication over networks.