Q
If a firm wage costs increase this will cause __________ and __________?
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A
A. Marginal cost to increase, output to fall
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B
B. Marginal revenue to increase output to fall
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C
C. Opportunity cost to increase the firm will close
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D
D. Average cost will rise output will increase ____ output and an upward shift in marginal revenue ____ output
Correct Answer:
A. A. Marginal cost to increase, output to fall
