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In the Product Market, Changes in Technology Affect the Marginal

Question 8

Multiple Choice

In the product market, changes in technology affect the marginal ________ of a unit of output. In the labor market, changes in technology affect the marginal ________ of a unit of labor input.


A) cost; cost
B) revenue; revenue
C) revenue product; cost
D) cost; revenue product

Correct Answer:

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