If the price of labor rises relative to the price of capital, the cost-minimizing ratio of capital usage to labor usage (i.e., the ratio K/L) will
A) increase.
B) be unchanged.
C) decrease.
D) cannot determine without more information
Correct Answer:
Verified
Q40: Refer to the following:
The price of capital
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A)-
A)
The price of capital
The price of capital
