If a firm’s wage cost increases, this will cause:
A. Average fixed cost will rise as output will increase
B. The marginal cost to increase as output falls
C. Marginal revenue to increase as output to fall
D. Opportunity cost to increase, the firm will dose.
Answer:B
If a firm’s wage cost increases, this will cause:
A. Average fixed cost will rise as output will increase B. The marginal cost to increase as output falls C. Marginal revenue to increase as output to fall D. Opportunity cost to increase, the firm will dose.