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of Firm A and B require labour and machines to produce output. Firm A has L-shaped isoquants, and Firm B has linear (str
Posted: Wed Jul 06, 2022 6:33 pm
by answerhappygod
- Of Firm A And B Require Labour And Machines To Produce Output Firm A Has L Shaped Isoquants And Firm B Has Linear Str 1 (17.71 KiB) Viewed 24 times
of Firm A and B require labour and machines to produce output. Firm A has L-shaped isoquants, and Firm B has linear (straight), downward-sloping isoquants. Which of the following is true? O a. Workers in Firm B are more substitutable by machines. Ob. The answer depends on the wage and cost of machines faced by each firm. Oc. Workers in Firm A are more substitutable by machines. Od. It is not possible to compare the substitutability of workers across two firms.