Consider Two Labor Markets, C and D

question 67

Multiple Choice

Consider two labor markets, C and D. Wages in labor market D fall. This could be due to

• A)the marginal revenue curve in the product market (that employees in labor market D supply with goods) shifts to the left.
• B)an increase in the marginal physical product of the employees in labor market D.
• C)an increase in the price and marginal revenue of the product that employees in labor market D produce.
• D)b and c
• E)a, b, and c

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Definitions:

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