If it makes sense that one type of labor can substitute for another in production, how can

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If it makes sense that one type of labor can substitute for another in production, how can capital, a physical object, substitute for labor, a human being?

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The Economics Of Health And Health Care

ISBN: 9781138208049

8th Edition

Authors: Sherman Folland, Allen C. Goodman, Miron Stano

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Question Posted: Jan 29, 2024 03:07 AM

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If it makes sense that one type of labor can substitute for another in production, how can

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The concept of capital substituting for labor in the production process is central to understanding ...View the full answer

The Economics Of Health And Health Care

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