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If the Wage Rate Is $5 Per Hour, Regardless of How

Question 55

Multiple Choice

If the wage rate is $5 per hour, regardless of how many laborers are employed, the


A) total labor cost curve is horizontal
B) total labor cost curve is upward sloping
C) MPP must be constant
D) total labor cost curve will increase at an increasing rate
E) total labor cost curve will increase at a decreasing rate

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