21) A grocery store employs fewer clerks after prices dropped for self-checkout machines used to collect customers money. In this example, labor and capital are considered a. complements. b. dependent. c. independent. d. substitutes. e. supplements.
21) A grocery store employs fewer clerks after prices dropped for self-checkout machines used to collect customers money. In this example, labor and capital are considered a. complements. b. dependent. c. independent. d. substitutes. e. supplements.
Chapter8: Production And Costs
Section: Chapter Questions
Problem 13QP
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21) A grocery store employs fewer clerks after prices dropped for self-checkout machines used to collect customers money. In this example, labor and capital are considered a. complements. b. dependent. c. independent. d. substitutes. e. supplements.
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VIEWStep 4: Define labour and capital :
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VIEWStep 6: Characterize their relationship :
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