Increase in quasi-fixed costs will result in substitution

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Reference no: EM131084956

An increase in quasi-fixed costs will result in a substitution effect that:

A. increases the number of workers employed but reduces the length of the workweek.

B. decreases the number of workers employed, but increases the length of the workweek.

C. increases both the number of workers employed and the length of the workweek.

D. decreases both the number of workers employed and the length of the workweek.

Reference no: EM131084956

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