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Using the information from the following table on a hypothetical firm, it can be concluded that its labour productivity ...... between 2023 and 2024, but
Using the information from the following table on a hypothetical firm, it can be concluded that its labour productivity ...... between 2023 and 2024, but ...... between 2024 and 2025. Year 2023 2024 2025 Quantity of capital 30 15 25 Quantity of labour 10 20 30 Quantity of output 1 000 1 000 2 000 a. Increases; increases b. Increases; remains unchanged c. Decreases; decreases d. Increases; decreases e. Decreases; increases
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Principles of economics
Authors: N. Gregory Mankiw
6th Edition
978-0538453059, 9781435462120, 538453052, 1435462122, 978-0538453042
