Based on the standard labor demand model in the long run
Based on the standard labor demand model, in the long run, what do you expect to be the scale and substitution effects of a decrease in r (the price of capital) on the amount of labor demanded? What is the predicted total effect?
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assuming that price of labor l and capital k are 12 and 3 respectively one manufacturing company is facing production
based on the standard labor demand model in the long run what do you expect to be the scale and substitution effects of
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