Tractors and plows are:
A) complements in production
B) substitutes in production
C) neither complements nor substitutes in production
D) either complements and substitutes in production, depending on the situation
Correct Answer:
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Q30: If the price of the input on
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Q32: The massive substitution of capital for labor
Q33: To find the profit-maximizing input combination, a
Q34: In the past several years, US agricultural
Q36: Nuts and bolts are:
A) complements in production
B)
Q37: Labor and agrochemicals are:
A) complements in production
B)
Q38: Hired labor and farm operators are:
A) complements
Q39: Perfect complements:
A) do not exist in the
Q40: Perfect substitutes:
A) do not exist in the
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