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Table 7-2 Shows the Combinations of Labor and Capital That

Question 52

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Table 7-2 shows the combinations of labor and capital that are used to produce various levels of output Table 7-2 shows the combinations of labor and capital that are used to produce various levels of output Refer to Table 7-2.Based on the input-usage ratio,we can say that the firm is operating _____. A) at an economic loss B) in the short-run C) in a constant-cost industry D) in the long-run
Refer to Table 7-2.Based on the input-usage ratio,we can say that the firm is operating _____.


A) at an economic loss
B) in the short-run
C) in a constant-cost industry
D) in the long-run

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