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 rightward.
B) marginal resource cost curve for a single competitive firm in the industry to shift leftward.
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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