If a firm hires one worker and eliminates four units of capital, and hires one more worker and replaces three more units of capital, keeping output constant, then
A) workers and capital are perfect substitutes.
B) there are decreasing returns to scale.
C) the firm is experiencing a diminishing marginal rate of technical substitution.
D) the firm is operating inefficiently because capital is more efficient than workers.
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If a firm hires one worker and eliminates four units of capital, and hires one more worker and repla...
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