True or False: If firms earn zero profits and if labor and capital are the only inputs,

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True or False: If firms earn zero profits and if labor and capital are the only inputs, then labor and capital must be complements in production.

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Price theory and applications

ISBN: 978-0538746458

8th edition

Authors: Steven E landsburg

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Question Posted: Jan 24, 2013 08:23 AM

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True or False: If firms earn zero profits and if labor and capital are the only inputs,

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True Suppose that labor and capital were substitutes in production Then an increase in ...View the full answer

Price theory and applications

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