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The short-run supply curve for a competitive firm is upward sloping because, as production rises, A.the firm must pay higher hourly wages to its workers.
The short-run supply curve for a competitive firm is upward sloping because, as production rises,
- A.the firm must pay higher hourly wages to its workers.
- B.the marginal productivity of additional workers decreases.
- C.the firm assigns its work force to specialized tasks increasing marginal productivity.
- D.total fixed costs increase.
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