Use either capital-intensive or labor-intensive technology

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Custom Made Clothing, a small clothing manufacturer, can use either a capital-intensive or labor-intensive technology to produce a product. If the price of capital increases and the price of labor remains constant, this firm most likely would...

a) leave the industry.

b) try to increase the productivity of capital.

c) switch to the labor-intensive technology.

d) continue to use the capital-intensive technology and reduce the amount of output produced.

Reference no: EM131076532

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