All else equal, if a technological improvement increases the marginal product of workers, then the marginal revenue product of workers will _____, and the firms will hire _____ workers.
A) increase; more
B) increase; fewer
C) decrease; more
D) decrease; fewer
Correct Answer:
Verified
Q15: All else equal, an increase in the
Q16: Use Table: Marginal Revenue Product. The table
Q17: Use Table: Marginal Revenue Product. The table
Q18: Use Table: Marginal Revenue Product. The table
Q19: Use Table: Marginal Revenue Product. The table
Q21: All else equal, if the price of
Q22: All else equal, if the price of
Q23: If a firm increases the total amount
Q24: If a technological improvement increases the marginal
Q25: Which of the following statement is FALSE?
A)
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