Graph 18-2
-Refer to Graph 18-2.If the marginal product of labour falls, which of the following will occur?
(i) the value of the marginal product of labour will fall
(ii) the quantity of labour demanded will fall below L₁
(iii) the supply curve will remain unchanged

Question

Graph 18-2 Graph 18-2 -Refer to Graph 18-2.If the marginal product of labour falls, which of the following will occur? (i) the value of the marginal product of labour will fall (ii) the quantity of labour demanded will fall below L<sub>1</sub> (iii) the supply curve will remain unchanged A) (i) and (ii) B) (ii) and (iii) C) (i) and (iii) D) (i) , (ii) and (iii)

Graph 18-2 -Refer to Graph 18-2.If the marginal product of labour falls, which of the following will occur? (i) the value of the marginal product of labour will fall (ii) the quantity of labour demanded will fall below L<sub>1</sub> (iii) the supply curve will remain unchanged A) (i) and (ii) B) (ii) and (iii) C) (i) and (iii) D) (i) , (ii) and (iii)

-Refer to Graph 18-2.If the marginal product of labour falls, which of the following will occur?
(i) the value of the marginal product of labour will fall
(ii) the quantity of labour demanded will fall below L₁
(iii) the supply curve will remain unchanged

Quizplus · Accepted Answer

If the marginal product of labour falls, the value of the marginal product of labour will also fall, leading to a decrease in the quantity of labour demanded. The supply curve of labour is not affected by changes in the marginal product of labour, so it remains unchanged.

Graph 18-2 -Refer to Graph 18-2.If the Marginal Product of Labour Falls