History, 12.01.2021 18:20 abbeyj4737
A typical firm allocates a certain amount of money for payroll to cover labor. What could be the firm’s response to an increase in minimum wage?
hire more workers and lower their prices
hire fewer workers and lower their prices
lay off some workers and increase prices
lay off all workers and go out of business
Answers: 2
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A typical firm allocates a certain amount of money for payroll to cover labor. What could be the fir...
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