An automobile manufacturer uses land-labor and capital

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Reference no: EM13982532

An automobile manufacturer uses land, labor, capital, and entrepreneurial ability to produce cars and trucks. if the price of trucks increases, the automobile manufacturer would not

a. pay a lower wage rate to labor

b. increase truck production

c. hire more workers

d. increase capital used in production

e. increase land used in production

Reference no: EM13982532

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