Figure 18-9 -Refer to Figure 18-9. If the Marginal Product of Labor

Multiple Choice

Figure 18-9
-Refer to Figure 18-9. If the marginal product of labor falls and the price of apples remains unchanged, (i)
The value of the marginal product of labor will fall.
(ii)
The quantity of labor demanded will increase above L₁.
(iii)
The labor supply curve will remain unchanged.

A) (i) and (ii) only
B) (ii) and (iii) only
C) (i) and (iii) only
D) (i) , (ii) , and (iii)