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Figure 18-7 -Refer to Figure 18-7.Assume W₁ = $20 and W₂ =

Question 265

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Figure 18-7
Figure 18-7 -Refer to Figure 18-7.Assume W₁ = $20 and W₂ = $18,and the market is always in equilibrium.A shift of the labor supply curve from S₁ to S₂ would A) increase the value of the marginal product of labor by $2. B) decrease the value of the marginal product of labor by $2. C) decrease the value of the marginal product of labor by more than $2. D) not change the value of the marginal product of labor.
-Refer to Figure 18-7.Assume W₁ = $20 and W₂ = $18,and the market is always in equilibrium.A shift of the labor supply curve from S₁ to S₂ would


A) increase the value of the marginal product of labor by $2.
B) decrease the value of the marginal product of labor by $2.
C) decrease the value of the marginal product of labor by more than $2.
D) not change the value of the marginal product of labor.

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