Waiting for answer This question has not been answered yet. You can hire a professional tutor to get the answer.
QUESTION
20. Suppose a firm is using two inputs, labor and capital. What will happen if the price of labor falls?
20. Suppose a firm is using two inputs, labor and capital. What will happen if the price of labor falls? A. The firm"s average cost curve will shift downward. B. The firm"s marginal cost curve will shift downward. C. To produce an unchanged output, the firm would use more labor. D. All of the above.
