Figure 4A-2 Changing the Wage-Rental Ratio A rise in wl r shifts the lowest-cost input choice from point 1 to point 2, that is, it leads to the choice of a higher landlabor ratio.
Figure 4A-2 Changing the Wage-Rental Ratio A rise in wl r shifts the lowest-cost input choice from point 1 to point 2, that is, it leads to the choice of a higher landlabor ratio.