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Question #49157

If a firm wage costs increase this will cause and ?

Options:

A) marginal cost to increase, output to fall

B) marginal revenue to increase output to fall

C) opportunity cost to increase the firm will close

D) average cost will rise output will increase ____ output and an upward shift in marginal revenue ____ output

Answer: If a firm wage costs increase this will cause marginal cost to increase, output to fall and marginal cost to increase, output to fall.

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