Capital utilisation will increase if
A) The rate of obsolescence falls
B) The rate of depreciation of capital falls
C) The rate of interest rises relative to wage rates
D) The elasticity of substitution is greater than one.
Correct Answer:
Verified
Q1: The proportionality rule states that
A) In equilibrium
Q2: The substitution effect
A) Is represented by the
Q3: Manning
A) In a steady state total separations
Q4: The Marshallian rules of derived demand
A) Assume
Q5: Employers may prefer a standard workweek plus
Q7: Walter Oi regarded labour as a quasi
Q8: Labour hoarding
A) Implies a sub-optimal use of
Q9: The reservation wage is
A) That wage which
Q10: The matching function
A) Relates the number of
Q11: The optimal stopping rule in job search
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