Multiple Choice
Consider two labor markets,C and D.Wages in labor market D fall.This could be due to
A) the marginal revenue curve in the product market (that employees in labor market D supply with goods) shifts to the left.
B) increase in the marginal physical product of the employees in labor market D.
C) increase in the price and marginal revenue of the product that employees in labor market D produce.
D) b and c
E) a, b, and c
Correct Answer:
Verified
Correct Answer:
Verified
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