Q
An increase in the demand for a firm’s output ?
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A
A. Decrease the prosperity of the firm but increases the prosperity of the factors hired by the firm
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B
B. Decreases the prosperity of both the firms and the factors hired by the firm.
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C
C. Increases the prosperity of both the firm and the factors hired by the firm.
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D
D. Increases the prosperity of the firm but decreases the prosperity of the factors hired by the firm.
Correct Answer:
C. C. Increases the prosperity of both the firm and the factors hired by the firm.
