Multiple Choice
Increases in the productivity of labor tend to
A) increase the marginal revenue product of labor and the wages employers are willing to pay for any given amount of labor.
B) decrease the marginal revenue product of labor and increase the wages employers are willing to pay for any given amount of labor.
C) increase the marginal revenue product of labor but have no effect on the wages employers are willing to pay for any given amount of labor.
D) decrease the marginal revenue product of labor and the wages employers are willing to pay for any given amount of labor.
Correct Answer:

Verified
Correct Answer:
Verified
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