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Refer to the Above Graph

Question 139

Multiple Choice

Refer to the above graph.It shows a firm that buys its inputs and sells its output in competitive markets.If labor productivity decreases,the equilibrium level of employment for this firm is expected to be: A) L<sub>0</sub>. B) zero. C) lower than L<sub>0</sub>. D) higher than L<sub>0</sub>. Refer to the above graph.It shows a firm that buys its inputs and sells its output in competitive markets.If labor productivity decreases,the equilibrium level of employment for this firm is expected to be:


A) L0.
B) zero.
C) lower than L0.
D) higher than L0.

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