Question
Now suppose that falling crime also allows firms to be more productive, for example, because they have to spend less money on security. Show how
Now suppose that falling crime also allows firms to be more productive, for example, because they have to spend less money on security. Show how this changes the graph you drew for part 1. What can we say about changes in wages and rental rates under this scenario? Explain.
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Intermediate Microeconomics and Its Application
Authors: Walter Nicholson, Christopher M. Snyder
12th edition
978-1133189022, 1133189024, 1133189032, 978-1305176386, 1305176383, 978-0357687000, 978-1133189039
