If two inputs are gross substitutes,their substitution elasticity will be
A) zero.
B) positive.
C) negative.
D) .2- 1.
E) 1.
Correct Answer:
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Q23: If a firm incurs high fixed costs
Q24: If a firm incurs the same cost
Q25: Adjustment costs:
A) are costs incurred by a
Q26: Suppose capital and labor are gross complements.If
Q27: Which of the following is a true
Q28: Suppose the supply of capital is relatively
Q29: Suppose the current level inputs is 20
Q31: If it is costly for a firm
Q32: Which combination of wages and rental rates
Q33: What are the firm's total costs?
A) $30
B)
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