All of the following make the demand for labor more elastic EXCEPT
A) greater elasticity of demand for the final product.
B) the longer the time period under consideration.
C) the smaller the proportion of total costs accounted for by labor.
D) the easier it is to substitute another input for labor.
Answer: C
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a. True b. False
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a. True b. False Indicate whether the statement is true or false
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A. risk taker B. innovator C. monopolist D. exploiter of labor