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The profit-maximizing quantity of labor input hired by a firm O A increases if the wage rate rises. OB. decreases if the output price rises.
The profit-maximizing quantity of labor input hired by a firm O A increases if the wage rate rises. OB. decreases if the output price rises. O Cdereas if the wage rate rises. O D-decreases if the marginal product of labor shifts to the right
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Macroeconomics
Authors: David C. Colander
10th edition
1259663043, 1259663048, 978-1259663048
