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Other Things Equal, If the Wage Rates Paid to a Firm's

Question 403

Multiple Choice

Other things equal, if the wage rates paid to a firm's labor inputs were to rise, we would expect the

A) AFC, AVC, ATC, and MC curves all to rise.
B) AVC, ATC, and MC curves all to rise.
C) AFC and ATC curves to fall.
D) MP curve to fall.

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