Multiple Choice
If the wage rate in a purely competitive labor market increases, it will cause the
A) marginal resource cost curve for a single competitive firm in the industry to shift down.
B) marginal resource cost curve for a single competitive firm in the industry to shift up.
C) labor supply curve for a single competitive firm to shift downward.
D) labor supply curve for the industry to shift rightward.
Correct Answer:
Verified
Correct Answer:
Verified
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