Multiple Choice
A company succumbs to a wage increase demand without any changes in the productivity of labor, price of the product, and the total output sold.Which of the following would happen?
A) Total revenue of the company will fall.
B) Investment by the company will increase.
C) Profit per unit of the product will fall.
D) Average profit per unit will increase.
Correct Answer:
Verified
Correct Answer:
Verified
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