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Answer to Question #330370 in Microeconomics for fatin

Question #330370

Why do some firms use lots of capital and not much labour, while others use not much capital and lots of labour?




1
Expert's answer
2022-04-19T09:59:16-0400

Some firms use lots of capital and not much labour, because they are capital-intensive, while others use not much capital and lots of labour, because they are labour-intensive.


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