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August 2, 2014

Homework Help: managerial economics

Posted by jean on Sunday, February 17, 2008 at 5:03pm.

A study by the Computer Manufacturers Association of America analyzed the significant increase in the usage of computers by business firms in the United States over the last two decades. In terms of production theory, one might say the computer--labor ratio has risen. Using production theory, provide a rationale for this trend. Given the falling prices of business computers, what types of changes in business offices would you expect to have occurred?

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