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Economics
MEDIUM
ENGLISH
Economics
If a firm wage costs increase this will cause __________ and __________?
marginal cost to increase, output to fall
Correct answer
B
marginal revenue to increase output to fall
Option B
C
opportunity cost to increase the firm will close
Option C
D
average cost will rise output will increase ____ output and an upward shift in marginal revenue ____ output
Option D
Correct answer: A
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