A technological breakthrough in using photons for computers will increase the productivity of those working with computers a hundredfold.You would expect this breakthrough to shift the
A)marginal product of labor curve up and to the right, raising the quantity of labor demanded at any given real wage.
B)marginal product of labor curve down and to the left, reducing the quantity of labor demanded at any given real wage.
C)labor supply curve up, reducing the quantity of labor demanded at any given real wage.
D)labor supply curve down, raising the quantity of labor demanded at any given real wage.

Question

Quizplus · Accepted Answer

Technological breakthroughs that increase productivity typically shift the marginal product of labor curve up and to the right, which increases the demand for labor at any given wage rate as employers seek to take advantage of the increased productivity. This would lead to an increase in the quantity of labor demanded at any given real wage, as stated in option A.

A Technological Breakthrough in Using Photons for Computers Will Increase