As a Firm Attempts to Expand Production,it Must ________ the Wage

question 83

Multiple Choice

As a firm attempts to expand production,it must ________ the wage it pays to attract additional help.This leads to ________ costs,making the long-run supply curve slope ________.

• A) increase; higher; upward
• B) increase; higher; downward
• C) increase; lower; upward
• D) decrease; lower; upward
• E) decrease; higher; upward

---

Definitions:

Average Daily Float

The average amount of uncollected funds in a bank account over a specified period.

Cheques

A document that orders a bank to pay a specific amount of money from a person's account to the person in whose name the cheque has been issued.

Collection Delay

The period between when a company invoices its customers and when it actually receives payment, affecting the company's cash flow.

Amounts

Quantities or sums of money.