A decrease in the wage rate will change

A) only the amount of labor hired.
B) the amount of labor employed, and it may also change the amount of other inputs employed.
C) the price the firm charges for the product, but it will not affect the demand for any of the inputs.
D) the firm's profit-maximizing level output, but not its usage of inputs.

Wage Rate

The standard amount of compensation given to employees for performing certain tasks, usually expressed per hour or year.

Amount of Labor

The total hours worked by employees or the workforce size within a certain period or for a particular task.

Inputs Employed

The resources used in the production of goods and services, such as labor, capital, and raw materials.