Business, 04.02.2020 05:41 taylorbug6161

Consider a hypothetical economy in which only computers and shoes are produced and in which computer production is capital intensive as compared with shoe production. if two resources are being used -- labor and capital -- then the capital-labor ratio would be:

a. of an indeterminate relationship.
b. higher in the computer industry.
c. the same in both industries.
d. higher in the shoe industry

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Consider a hypothetical economy in which only computers and shoes are produced and in which computer...

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