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

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Definitions:

Signaling Scent

Odors or fragrances emitted by organisms or substances, used to communicate or indicate presence.

Social Functions

The roles or responsibilities of an entity or individual within a society that contribute to its operation and stability.

Olfaction

The sense of smell, a process by which the olfactory system detects and identifies odors.

Species Identification

The process of determining the exact species of an organism based on physical characteristics, genetic analysis, or other scientific methods.