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Reducing Long-Run Labor Usage

Question 70

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Reducing Long-Run Labor Usage

The following questions refer to the accompanying diagram, which shows a firm reducing its long-run labor usage from L0 to L1 in response to an increase in the wage rate.
Reducing Long-Run Labor Usage The following questions refer to the accompanying diagram, which shows a firm reducing its long-run labor usage from L0 to L1 in response to an increase in the wage rate. -Refer to Reducing Long-Run Labor Usage.The scale effect of the wage change is the movement from point A) X to point A. B) X to point B. C) B to point C. D) C to point D.

-Refer to Reducing Long-Run Labor Usage.The scale effect of the wage change is the movement from point


A) X to point A.
B) X to point B.
C) B to point C.
D) C to point D.

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