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Home Q & A Board Other Fields Homework Help Business Economics
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Loraine Loraine
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8 years ago
As the price level rises relative to costs and the real wage rate falls, profits ________ and the number of firms in business ________.
A) increase; increases
B) increase; decreases
C) decrease; increases
D) decrease; decreases
E) do not change; do not change
Textbook 
Essential Foundations of Economics

Essential Foundations of Economics


Edition: 7th
Authors:
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Start by doing what's necessary; then do what's possible; and suddenly you are doing the impossible.
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SydnieSydnie
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8 years ago
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Loraine Author
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8 years ago
This site is awesome
alpheratz
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Smart ... Thanks!
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You make an excellent tutor!
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