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Capital costs in a country decreases. Which of the following will occur due to this shift in factor price? Question 10Answer a. Production of land
Capital costs in a country decreases. Which of the following will occur due to this shift in factor price? Question 10Answer a. Production of land intensive goods will decrease. b. All of these answers. c. Production of capital intensive goods will increase. d. Production of labor intensive goods will decrease
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Managerial Economics Markets and the Firm
Authors: William Boyes
2nd edition
618988629, 978-0618988624
