An increase in the supply of labour
A) increases the value of the marginal product of labour and decreases the wage.
B) decreases the value of the marginal product of labour and decreases the wage.
C) decreases the value of the marginal product of labour and increases the wage.
D) increases the value of the marginal product of labour and increases the wage.
Correct Answer:
Verified
Q8: If a factor exhibits diminishing marginal product,
Q9: If there is an increase in the
Q10: The value of the marginal product of
Q11: An increase in the supply of capital
Q12: Competition will tend to eliminate discrimination in
Q14: What will a decrease in the supply
Q15: Figure 1 Labour (number of workers)
Q16: Figure 1 Labour (number of workers)
Q17: The demand for a factor is considered
Q18: An increase in the demand for apples
Unlock this Answer For Free Now!
View this answer and more for free by performing one of the following actions
Scan the QR code to install the App and get 2 free unlocks
Unlock quizzes for free by uploading documents