MCQOPTIONS
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| 1. |
If a firm wage costs increase this will cause __________ and __________? |
| A. | marginal cost to increase, output to fall |
| B. | marginal revenue to increase output to fall |
| C. | opportunity cost to increase the firm will close |
| D. | average cost will rise output will increase ____ output and an upward shift in marginal revenue ____ output |
| Answer» B. marginal revenue to increase output to fall | |