MicroeconomicsAddison-Wesley, 1994 - 655 ˹éÒ |
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˹éÒ 378
... depends on the wage rate , the quantity of capital demanded depends on the interest rate , and the quantity of land demanded depends on the rent . The law of demand applies to factors of production just as it applies to all other ...
... depends on the wage rate , the quantity of capital demanded depends on the interest rate , and the quantity of land demanded depends on the rent . The law of demand applies to factors of production just as it applies to all other ...
˹éÒ 387
... depends on labor intensity and on the long - run elasticity of demand for the product . In addition , it depends on the substitutability of capital for labor . The more easily capital can be substituted for labor in production , the ...
... depends on labor intensity and on the long - run elasticity of demand for the product . In addition , it depends on the substitutability of capital for labor . The more easily capital can be substituted for labor in production , the ...
˹éÒ 486
... depends on the individual's marginal product . That marginal product in turn depends partly on natural ability , partly on luck or chance , and partly on the amount of human capital that the individual has built up . The income from ...
... depends on the individual's marginal product . That marginal product in turn depends partly on natural ability , partly on luck or chance , and partly on the amount of human capital that the individual has built up . The income from ...
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