ECON 226 - In less-developed countries, labor is less costly

Question # 00621195 Posted By: dr.tony Updated on: 11/23/2017 01:22 PM Due on: 11/23/2017
Subject Economics Topic Microeconomics Tutorials:
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In less-developed countries, labor is less costly relative to machinery and equipment, so labor is substituted for what other inputs?


At a high enough wage rate, the person feels that he or she can afford to take more leisure time. Why would they feel that way comment with examples.


Discuss why computer science professors earn more than English professors, and what comparable worth would mean to each professor's salary?

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  1. Tutorial # 00619881 Posted By: dr.tony Posted on: 11/23/2017 01:23 PM
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