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Capital costs in a country decreases. Which of the following will occur due to this shift in factor price? Question 3Answer a. Production of capital
Capital costs in a country decreases. Which of the following will occur due to this shift in factor price? Question 3Answer a. Production of capital intensive goods will increase. b. All of these answers. c. Production of land intensive goods will decrease. d. Production of labor intensive goods will decrease
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Microeconomics Theory and Applications
Authors: Edgar K. Browning, Mark A. Zupan
12th edition
9781118920060, 1118758870, 1118920066, 978-1118758878
