If consumers demand more abalone, the value of the marginal product of labour for abalone fishers will:

Question

Quizplus · Accepted Answer

If consumers demand more abalone, there will be an increase in demand for abalone fishers which will increase their marginal product of labor. As a result, they will be able to produce more abalone, leading to an increase in their productivity and income. Therefore, the value of the marginal product of labor for abalone fishers will increase.

If Consumers Demand More Abalone, the Value of the Marginal