-Refer to Table 12

question 44

Multiple Choice

-Refer to Table 12.3. Assume that labor is a major production cost. In year 2, employers would like to hire

• A) more labor because profits are falling.
• B) more labor because profits are rising.
• C) less labor because profits are falling.
• D) less labor because profits are rising.
• E) the same amount of labor as in year 1.

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