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Consider a BMW Automobile Plant

Question 414

Multiple Choice

Consider a BMW automobile plant. If the price of BMWs increase by 10 percent and the money wage rate and other costs ________, there will be ________.


A) increase by 10 percent; an increase in BMWs profits
B) do not change; an increase in BMW's production and profit
C) increase by 10 percent; an increase in BMWs production
D) do not change; no change in production

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