• 2021-04-14
    If the price of the capital-intensive product rises more than does the price of the land intensive product, then
  • the relative price of the capital-intensive product will fall to some point between the pre-trade relative prices.

    内容

    • 0

      A competitive firm hires labor until the marginal product of labor equals the A: real wage. B: rental price of capital. C: price of output. D: capital/labor ratio.

    • 1

      If the price of a product decreases by 10 per cent and sales increase by 5 per cent, demand for that product would be said to be price inelastic.

    • 2

      The cost of the product fluctuated slightly over the period.____ in the price of the product over the period.

    • 3

      The price of the product is not ________ but varies with the supply and demand.

    • 4

      A competitive firm hires labor until the marginal product of labor<br/>equals the ____ A: real wage. B: rental price of capital. C: price of output. D: capital/labor ratio.