Economy, asked by sougataind, 7 months ago

Define relative factor intensity in production​

Answers

Answered by 9490151
0

Answer: dont worry it just means you gotta eat more pickles

Explanation: BLM

Answered by Anonymous
1

Explanation:

Factor intensity refers to the relative amounts of capital and labor used in producing a good. ... The amount of capital per laborer in the production of a good is called the capital-labor ratio. For good Y, 2 units of capital are used with 10 units of capital, so the capital-labor ratio is 2/10, or 1/5.

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