-The Preceding Table Gives Monthly Production Information for Peter's Peanuts

Multiple Choice

-The preceding table gives monthly production information for Peter's Peanuts, a firm in a perfectly competitive industry. An increase in the wage rate for labor leads to

A) an increase in the quantity of labor demanded.
B) a decrease in the quantity of labor demanded.
C) an increase in the demand for labor.
D) a decrease in the demand for labor.