Answered: The principle explains why the loss of…

The principle explains why the loss of jobs due to automation in certain industries may create jobs in other industries. marginal off-set opportunity interdependence

Principles of Economics 2e

2nd Edition

ISBN:9781947172364

Author:Steven A. Greenlaw; David Shapiro

Publisher:Steven A. Greenlaw; David Shapiro

Chapter7: Production, Costs, And Industry Structure

Section: Chapter Questions

Problem 15RQ: What shapes would you generally expect a total product curve and a marginal product curve to have?

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The
principle explains why the loss of jobs due to automation in certain industries may create jobs in other
industries.
marginal
off-set
opportunity
interdependence

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