An automobile manufacturer uses land labor capital and, Ask an Expert

Economics

An automobile manufacturer uses land, labor, capital, and entrepreneurial ability to produce cars and trucks. if the price of trucks increases, the automobile manufacturer would not

a. pay a lower wage rate to labor

b. increase truck production

c. hire more workers

d. increase capital used in production

e. increase land used in production

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Business Economics, Economics

Category:- Business Economics
Reference No.:- M91676293

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