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April 24, 2014

Homework Help: Economics

Posted by Gio on Friday, November 20, 2009 at 10:32pm.

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, on might say the computer-labor ration has risen.
a. Using production theory, provide a rationale for this trend.

b. Given the falling prices of business computers, what types of changes in business office would you expect to have occurred?

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