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Softsell combines unskilled workers, skilled workers, and capital to produce software applications for handheld devices and personal computers. Unskilled and skilled workers are substitutes in
Softsell combines unskilled workers, skilled workers, and capital to produce software applications for handheld devices and personal computers. Unskilled and skilled workers are substitutes in production, but more capital increases the marginal product of skilled workers. the long run , a fall in the unskilled wage decreases Softsell's demand for skilled workers. increases Softsell's demand for capital . increases Softsell's demand for unskilled workers. reduces Softsell's supply of skilled workers
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