If a firm adopts a labor-saving piece of technology,it will:
A) increase the marginal product of labor.
B) decrease the marginal product of labor.
C) increase the marginal supply of labor.
D) decrease the marginal supply for labor.
Correct Answer:
Verified
Q107: Any event that increases the value of
Q110: Increased border patrol will adversely affect the
Q111: In a competitive labor market, if the
Q112: If the output labor produces experiences a
Q113: The determinants of labor demand include:
A)culture,population,and other
Q114: In a competitive labor market,if the demand
Q114: In a competitive labor market, if the
Q116: Budget cuts which lead to more lax
Q118: If producers who hire labor in a
Q129: If adopted by a firm,a labor-augmenting piece
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