300) Suppose a profit-maximizing firm faces a rise in the wage rate it pays. Which of the following would definitely stay the same?
Answer is:
Its choice of production method
Related Micro Economics MCQ (GK Set-1) with Answers
Answer is:
The market supply curve may shift if there is change in the price of the product
Answer is:
The demand curve faced by the firm is downward sloping
Answer is:
The demand curve, average revenue curve, and marginal revenue curve
Answer is: