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After a Firm Makes Short-Run Adjustments in Its Production Plan

Question 14

Multiple Choice

After a firm makes short-run adjustments in its production plan following a wage increase,


A) the marginal product of labor will be higher.
B) the marginal product of labor will be lower.
C) the marginal product of capital will be higher.
D) the marginal product of capital will be lower.
E) (a) and C
F) (a) and (d)
G) (b) and (c)
H) (b) and (d)

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