|By Rsxman (Rsxman) on Thursday, May 29, 2003 - 11:31 pm: Edit|
Company XYZ develops a new technology that increases its labor productivity. Currently this technology is not available to any other firm. For Company XYZ, explain how the increased productivity will affect each of the following. Note- Labor is perfectively competitive. Firm is in a perfectively competitive market.
Number of workers hired?
What are the answers to those questions?
|By Rsxman (Rsxman) on Thursday, May 29, 2003 - 11:32 pm: Edit|
sorry ignore this post
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