Refer to the information provided in Table 31.1 below to answer the question(s) that follow.
Table 31.1

-Refer to Table 31.1. When moving from Period 1 to Period 4, the marginal return to labor
A) increases.
B) decreases.
C) does not change.
D) first increases, then decreases.

Question

Refer to the information provided in Table 31.1 below to answer the question(s) that follow.
Table 31.1
 
-Refer to Table 31.1. When moving from Period 1 to Period 4, the marginal return to labor
A) increases. 
B) decreases. 
C) does not change. 
D) first increases, then decreases.

Quizplus · Accepted Answer

From Period 1 to Period 4, the marginal return to labor decreases from 10 to 2. Therefore, the correct answer is B as there is a decrease in the marginal return to labor.

Refer to the Information Provided in Table 31