-Refer to Table 12.3. Assume that labor is a major production cost. In year 2, employers would like to hire
A) more labor because profits are falling.
B) more labor because profits are rising.
C) less labor because profits are falling.
D) less labor because profits are rising.
E) the same amount of labor as in year 1.

Question

-Refer to Table 12.3. Assume that labor is a major production cost. In year 2, employers would like to hire
A) more labor because profits are falling. 
B) more labor because profits are rising. 
C) less labor because profits are falling. 
D) less labor because profits are rising. 
E) the same amount of labor as in year 1.

Quizplus · Accepted Answer

The Answer of 
-Refer to Table 12.3. Assume that labor is a major production cost. In year 2, employers would like to hire
A) more labor because profits are falling. 
B) more labor because profits are rising. 
C) less labor because profits are falling. 
D) less labor because profits are rising. 
E) the same amount of labor as in year 1.