All else constant, a decrease in the per unit price of labor would create an incentive for a firm manager to substitute labor for capital in the firm's production process

Indicate whether the statement is true or false

TRUE

Economics

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A surplus is a result of equilibrium price being below the current price.

a. true b. false

Economics

For developed countries like the United States, GDP will always exceed GNP

Indicate whether the statement is true or false

Economics