1251EconomicsMedium
If a firm wage costs increase this will cause ________ and ________?
Amarginal cost to increase, output to fall
Bmarginal revenue to increase output to fall
Caverage cost will rise output will increase ____ output and an upward shift in marginal revenue ____ output
Dopportunity cost to increase the firm will close
Correct answer
A. marginal cost to increase, output to fall
Explanation
The correct answer is marginal cost to increase, output to fall.