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When a Firm Faces a Labor Supply Curve That Is

Question 186

Multiple Choice

When a firm faces a labor supply curve that is upward sloping, the firm must


A) offer a higher wage if it wishes to hire more workers.
B) pay a wage that exceeds the value of marginal product.
C) pay a wage that does not exceed the minimum wage.
D) maximize the amount of labor that it hires.

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