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Question : Use the following information to answer the questions: Holding the : 6682

Use the following information to answer the questions: Holding the price of manufacturing constant, suppose the increase in the price of agriculture is 10% and the increase in wage is 5%. Determine the impact of the increase in the price of agriculture on the rental on land and the rental on capital. Explain what has happened to the real rental on land and the real rental on capital

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Supply Chain Management 9 Months Ago 148 Views
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