Indifference Curve Theory of Consumer Behavior

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Question

According to the Indifference Curve Theory of Consumer Behavior, if the price of leasing machines decreases, a firm will lease more machines. How will this affect the number of workers the firm wants to employ? Group of answer choices The firm will continue employing the same number of workers. The firm will definitely want to employ more workers. Depending on the distribution of indifference curves, the firm might want to employ more, the same, or fewer workers. The firm will definitely want to employ fewer workers.

Reference no: EM133637465

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