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If labor costs rise you may consider substituting capital input for labor input. What factors do you need to consider when making this substitution?

If labor costs rise you may consider substituting capital input for labor input. What factors do you need to consider when making this substitution? If capital cannot be substituted for labor, what other options do you have to address the issue of rising labor costs?

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Economics- 8191858.doc

If labor costs rise you may consider substituting capital input for labor input. What factors do you
need to consider when making this substitution? If capital cannot be substituted for labor,...

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