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Figure 18-5 -Refer to Figure 18-5. Assume W1 = $15 and W2

Question 193

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Figure 18-5 Figure 18-5 -Refer to Figure 18-5. Assume W<sub>1</sub> = $15 and W<sub>2</sub> = $11, and the market is always in equilibrium. A shift of the labor supply curve from S<sub>2 </sub>to S<sub>1</sub> would A) decrease the value of the marginal product of labor by $4. B) increase the value of the marginal product of labor by $4. C) increase the value of the marginal product of labor by more than $4. D) not change the value of the marginal product of labor.
-Refer to Figure 18-5. Assume W1 = $15 and W2 = $11, and the market is always in equilibrium. A shift of the labor supply curve from S2 to S1 would


A) decrease the value of the marginal product of labor by $4.
B) increase the value of the marginal product of labor by $4.
C) increase the value of the marginal product of labor by more than $4.
D) not change the value of the marginal product of labor.

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