An Increase in the Wage Rate Will Change

question 77

Multiple Choice

An increase in the wage rate will change

• A) only the amount of labor hired.
• B) the amount of labor employed, and it may also change the amount of other inputs employed.
• C) the price the firm charges for the product, but it will not affect the demand for any of the inputs.
• D) the firmʹs profit-maximizing level output, but not its usage of inputs.

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