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In the early 1880’s cigarette-rolling machinery became available. Prior to this all rolling was done by hand. The machines dramatically cut the cost of rolling cigarettes. But they were not fully automatic—they needed the permanent presence of an operator in order to work. Draw representative isoquants for cigarette-rolling before and after the introduction of the machines. What were the MRTS’s in each?

Business Economics, Economics

  • Category:- Business Economics
  • Reference No.:- M91725425

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