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Suppose thatthe wage-to-rental rate increases : The labor-to-capital ratio has to _________ to ensure profits are maximized. Increase Decrease Remain constant Increase or decrease, depending
Suppose thatthe wage-to-rental rateincreases: The labor-to-capital ratio has to _________ to ensure profits are maximized.
Increase
Decrease
Remain constant
Increase or decrease, depending on consumer preferences
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