Related to the Economics in Practice on page 214: According to the Economics in Practice, firms where managers had more extensive training experienced
A) increasing wage rates.
B) a decrease in the marginal product of labor.
C) increased productivity.
D) a decrease in the marginal revenue product of labor.

Question

Quizplus · Accepted Answer

Firms where managers had more extensive training experienced increased productivity, as better management practices often lead to more efficient and effective use of resources, including labor, which in turn can enhance the overall productivity of the firm.

Related to the Economics in Practice on Page 214: According