The general health of the population of a country improves as its medical support system improves.Which of the following is a likely outcome of this?
A) Marginal product of labor will increase.
B) Value of marginal product of labor will fall.
C) The equilibrium wage rate will decline.
D) There will be excess supply of labor in the market.
Correct Answer:
Verified
Q23: _ represents a firm's demand curve for
Q24: Identify the correct statement from the following.
A)Wages
Q25: Marginal product of labor is:
A)the extra output
Q26: A competitive firm hires workers as long
Q27: Which of the following assumptions is made
Q29: A written contract between an employer and
Q30: Assume that a firm is operating in
Q31: A competitive firm produces notebooks which sell
Q32: _ is an example of specific human
Q33: Andrea invests $20,000 in tuition fees for
Unlock this Answer For Free Now!
View this answer and more for free by performing one of the following actions
Scan the QR code to install the App and get 2 free unlocks
Unlock quizzes for free by uploading documents