White-collar employment has risen sharply since the introduction of computers,so clearly the
A) output effect has outweighed the substitution effect.
B) substitution effect has outweighed the output effect.
C) substitution and output effects are equal.
Correct Answer:
Verified
Q1: Q2: Workers in one country are more productive Q4: The additional revenue obtained by selling the Q5: The firm will rent more and more Q6: The demand for goods and services is Q7: A firm will continue hiring labor as Q8: The optimum resource mix for a firm Q9: As output rises, Q10: The substitution effect and the output effect Q11: The additional output that one additional input
A)both marginal revenue product and
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