A firm has to decide on the kind of technology it wants to invest in.It has two options: Technology A,which is labor-saving,and Technology B,which is labor-complementary.Illustrate graphically how the equilibrium wage and employment level in the firm will change if it decides to invest in the following.
a) Technology A
b) Technology B

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The Answer of A firm has to decide on the kind of technology it wants to invest in.It has two options: Technology A,which is labor-saving,and Technology B,which is labor-complementary.Illustrate graphically how the equilibrium wage and employment level in the firm will change if it decides to invest in the following.
a) Technology A
b) Technology B

A Firm Has to Decide on the Kind of Technology