Multiple Choice
An increase in the demand for automobiles will increase the demand for labor used to produce the automobiles due to
A) an increase in the marginal revenue product of labor.
B) a decrease in the marginal revenue product of labor.
C) an increase in the marginal revenue product of automobiles.
D) a decrease in the marginal revenue product of automobiles.
E) a decrease in the price of automobiles.
Correct Answer:
Verified
Correct Answer:
Verified
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