Wage Rates and Employment, An increase in the competitively-set wage tends to cause:

Wage Rates and Employment

An increase in the competitively-set wage tends to cause: (w) firms to reduce the amounts of labor hired. (x) increases in the marginal revenue products of the workers a firm retains. (y) higher marginal factor costs of labor to competitive firms. (z) pressure for greater automation in an industry. (e) All of the above.

Can anybody suggest me the proper explanation for given problem regarding Economics generally?

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