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Business, 18.03.2021 23:10 tapiamelissa6

Suppose that the government subsidizes the cost of workers by paying​ 25% of the wage​ (the rate offered by the U. S. government in the late 1970s under the New Jobs Tax Credit​ program). What effect will this subsidy have on the​ firm's choice of labor and capital to produce a given level of​ output?For a given level of​ output, the subsidy will prompt the firm to use

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