1/A competitive labor market is in equilibrium. which of the following increase the wage for labor?

Group of answer choices

a/the Department of labor eliminates the license requirements for labor in the market

b/more students graduate into the labor market

c/over time, one oligopsonist becomes a monopsonist

d/demanfor the good produced by this labor is stronger

2/Price of labor is $2 & capital is priced at $1. The MP of labor is 200 units & the MP of capital is 50 units. What should the business firm do to achieve the least cost rule?

Group of answer choices

a/increase both labor & capital

b/increase labor & increase capital

c/increase labor decrease capital

d/decrease labor & increase capital