When training costs to enter a particular career increase, the equilibrium wage rate in that job market

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When training costs to enter a particular career increase, the equilibrium wage rate in that job market will _____ and the equilibrium quantity of labor in that labor market will _____.

decrease, decrease

decrease, increase

increase, decrease

increase, increase

Related Book For answer-question

Financial Management Principles and Applications

ISBN: 978-0134417219

13th edition

Authors: Sheridan Titman, Arthur J. Keown, John H. Martin

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Posted Date: Mar 12, 2019 10:05 AM

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When training costs to enter a particular career increase, the equilibrium wage rate in that job market

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Option C When training costs to enter a particular career increase the equilib... View the full answer

Financial Management Principles and Applications

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