The marginal product of labor is defined as:.
The graphical representation of the relationship between the wage rate and the quantity of labor supplied in a market
The additional revenue the firm receives from selling the output produced using an additional unit of labor
The increase in the amount of output that results from an additional unit of labor
The graphical representation of the relationship between the wage rate and the quantity of labor demanded in a market
Which of the following events may shift the marginal product of labor curve rightward?
A. A decrease in the output price
B. An increase in the marginal product of labor
C. A decrease in the wage rate
D. Bad weather that causes a decrease in supply and a rise in price for one of the inputs used to make the good
Answers: 2
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The marginal product of labor is defined as:.
The graphical representation of the relationship bet...
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