Explain how the optimal usage of the variable input labor, Business Economics

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Explain how the optimal usage of the variable input labor

Explain how the optimal usage of the variable input, labor, will change in response to the following changes in the short-run: A) A drop in the price of the good or service that the firm sells B) A drop in the hourly wage C) A decline in the productive efficiency of labor

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Business Economics: Explain how the optimal usage of the variable input labor

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