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The chemical industry is relatively capital-intensive. It uses more capital than labor. Conversely, the garment industry is relatively labor-intensive (it uses a larger proportion of
The chemical industry is relatively capital-intensive. It uses more capital than labor. Conversely, the garment industry is relatively labor-intensive (it uses a larger proportion of labor then capital). How would you represent the isoquants for chemicals and garments on an isoquant map with labor on the horizontal axis and capital on the vertical axis?
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