Multiple Choice
Which of the following statements is true?
A) If the price of labor hired by a firm increases, holding everything else constant, the demand for labor will increase.
B) If the quantity of labor hired by a firm increases, holding everything else constant, the marginal product of labor will fall.
C) If the quantity of labor hired by a firm increases, holding everything else constant, the marginal product of labor will rise.
D) If the quantity of labor hired by a firm increases, holding everything else constant, the value of the marginal product of labor will rise.
Correct Answer:

Verified
Correct Answer:
Verified
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