Refer to the Diagram Below

question 30

Multiple Choice

refer to the diagram below. All points along the ray 0P reflect a constant proportion of wages to fringe benefits.






-If the isoprofit line shifts from line 1 to line 2,then:

• A)to maintain profit level 2,the firm must provide more fringe benefits and reduce wages
• B)to maintain profit level 2,the firm must reduce fringe benefits and raise wages
• C)as the firm moves from line 1 to line 2,it could provide more fringe benefits while paying the same wage rate
• D)providing more fringe benefits would reduce the firm's profit

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