Which firm would be more likely to hold excess labor

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Reference no: EM131302550

Futurama Medical is a high-tech medical equipment manufacturer that uses custom-designed machinery and a highly skilled, well-trained labor force in its production factory. Gonzo Garments is a mid-level clothing manufacturer that uses massproduced machinery and readily available labor in its production factory. Which of these two firms would you expect to have more significant adjustment costs? Which firm would be more likely to hold excess labor? excess capital? Explain your answers.

Reference no: EM131302550

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