If the Wage Rate in a Purely Competitive Labor Market

question 75

Multiple Choice

If the wage rate in a purely competitive labor market increases, it will cause the

• A)marginal resource cost curve for a single competitive firm in the industry to shift down.
• B)marginal resource cost curve for a single competitive firm in the industry to shift up.
• C)labor supply curve for a single competitive firm to shift downward.
• D)labor supply curve for the industry to shift rightward.

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