What is the firm's long run optimal capital stock?
A) 0
B) 1
C) 2
D) 3
E) 8
Correct Answer:
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Q1: If capital and labor are gross substitutes
Q4: When the price of labor increases,
A) a
Q5: Suppose the firm wants to manufacture an
Q6: Suppose the price of capital increases to
Q7: If two inputs are gross substitutes,their substitution
Q8: Suppose a firm uses three inputs in
Q9: What is the firm's long run optimal
Q10: Suppose the own wage elasticity of labor
Q11: Suppose a 2% increase in wages decreases
Q19: Which of the following increases the power
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