=+Do you see from Graph 13.9 that long-run demand curves for labor (with respect to wage) must

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=+Do you see from Graph 13.9 that long-run demand curves for labor (with respect to wage) must slope down, as must long-run demand curves for capital (with respect to the rental rate)?

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Microeconomics An Intuitive Approach With Calculus

ISBN: 9781337335652,9781337027632

2nd Edition

Authors: Thomas Nechyba

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Question Posted: Nov 04, 2024 09:00 AM

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=+Do you see from Graph 13.9 that long-run demand curves for labor (with respect to wage) must slope down, as must long-run demand curves for capital (with respect to the rental rate)?
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=+How would the graph change if the two inputs were perfect complements in productions?
=+Does Graph 13.9 tell us anything about whether the cross-price demand curve for labor (with the rental rate on the vertical axis) slopes up or down in the long run?
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=+Do you see from Graph 13.9 that long-run demand curves for labor (with respect to wage) must

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Microeconomics An Intuitive Approach With Calculus

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