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Home Q & A Board Other Fields Homework Help Business Economics
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sinerus sinerus
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6 years ago
The output effect of an increase in the wage comes about because higher wages
A) increase production costs, and final good prices will rise, increasing the quantity demanded of the product.
B) make labor more expensive as an input, leading firms to switch to other inputs.
C) make labor less expensive as an input, leading firms to switch to labor as an input.
D) increase production costs, and final good prices will rise, reducing the quantity demanded of the product.
Textbook 
Survey of Economics: Principles, Applications and Tools

Survey of Economics: Principles, Applications and Tools


Edition: 6th
Authors:
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Quinn1981Quinn1981
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6 years ago
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sinerus Author
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6 years ago
I appreciate what you did here, answered it right Smiling Face with Open Mouth
jcarter
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Yesterday
Helped a lot
julymontalvo
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2 hours ago
Smart ... Thanks!
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