When labor and capital are complements in production,a higher wage will cause a firm to use more capital in the long run.
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Q7: When a firm's long-run demand curve for
Q8: As long as labor is not a
Q9: A monopsonist's short-run demand curve for labor
Q10: A monopsonist hires fewer workers and pays
Q11: The substitution effect of a rise in
Q13: When labor is a regressive factor,a higher
Q14: As the wage rate rises,the marginal revenue
Q15: Increased use of machinery always hurts workers
Q16: A monopsonist will continue to hire additional
Q17: When two factors are substitutes in production,an
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