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What is the relation between goodX and good Y in each case of with fall in price X demand for good will rise give reason?

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∙ 8y ago
Updated: 10/16/2024

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What are unit of good x if 40unit of labor were used to produce goodx and given that QX equals 3LX?

If Qx = 3 Lx, it means one unit of labor is used to produce one unit of good. Therefore, if the no. of labor is 40, then Quantity produced will be 3*40 = 120.


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What are unit of good x if 40unit of labor were used to produce goodx and given that QX equals 3LX?

If Qx = 3 Lx, it means one unit of labor is used to produce one unit of good. Therefore, if the no. of labor is 40, then Quantity produced will be 3*40 = 120.


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