If the Wage Rate in a Purely Competitive Labor Market

question 35

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 rightward.
• B) marginal resource cost curve for a single competitive firm in the industry to shift leftward.
• 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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