If the product produced by workers experiences a decrease in demand,the value of marginal product of labor will:

Name: If the product produced by workers experiences a decrease in demand,the value of marginal product of labor will:
Brand: Quizplus
Rating: 4.7 (48 reviews)

Question

Quizplus · Accepted Answer

If the product experiences a decrease in demand, it means that the value of marginal product of labor will also decrease. This will lead to a decrease in the demand for labor as the firms will need to produce less of the product and therefore require fewer workers.

If the Product Produced by Workers Experiences a Decrease in Demand,the