If the law of diminishing marginal product holds true and workers emigrate from Haiti, the wage rate of workers who remain in Haiti would be expected to:

Question

Quizplus · Accepted Answer

When workers emigrate, there are fewer workers available to work with the same amount of capital, which increases the marginal product of labor and thus raises the wage rate for the remaining workers.

If the Law of Diminishing Marginal Product Holds True and Workers