Multiple Choice
An increase in the supply of labor
A) increases the equilibrium wage and increases the value of the marginal product of labor.
B) increases the equilibrium wage and decreases the value of the marginal product of labor.
C) decreases the equilibrium wage and increases the value of the marginal product of labor.
D) decreases the equilibrium wage and decreases the value of the marginal product of labor.
Correct Answer:
Verified
Correct Answer:
Verified
Q17: Labor-saving technological advances increase the marginal productivity
Q33: If Firm X is a competitive firm
Q52: Suppose that the "Millennial" generation values leisure
Q81: If the output price of a product
Q100: When you receive interest on your bank
Q121: If a particular labor market were to
Q135: The substantial increases in output per worker
Q179: The U.S. economy has been very successful
Q295: A significant slowdown in the growth of
Q298: Consider the labor market for short-order cooks.