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-In the Above Figure, If the Wage Rate Fell Below

Question 213

Multiple Choice

-In the above figure, if the wage rate fell below W<sub>b</sub>, in the short run the firm would A) hire more workers. B) fire several workers. C) reduce its level of output. D) keep all its input levels the same as they were before.
-In the above figure, if the wage rate fell below Wb, in the short run the firm would


A) hire more workers.
B) fire several workers.
C) reduce its level of output.
D) keep all its input levels the same as they were before.

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