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    Exam 18: Markets for Factors of Production
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    An Increase in the Price of a Firm's Product
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An Increase in the Price of a Firm's Product

Question 135

Question 135

Multiple Choice

An increase in the price of a firm's product


A) decreases its value of marginal product of labor.
B) increases its demand for labor.
C) increases its supply of labor.
D) None of the above answers is correct.

Correct Answer:

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