Which of the following will not cause the demand curve for labor to shift?
A) An increase in the wage rate.
B) An increase in the price of the final product.
C) An increase in the price of a substitute factor of production.
D) A change in demand for the final product.
E) An improvement in technology that produces higher labor productivity.
Correct Answer:
Verified
Q22: If labor and capital are substitute resources
Q23: An increase in the demand for steel
Q24: Suppose that land and labor are substitute
Q25: As output rises,
A)marginal revenue product declines.
B)marginal revenue
Q26: A decline in the wage rate would
A)raise
Q28: A rise in the marginal revenue product
Q29: An increase in the price of crude
Q30: The extra revenue that results from hiring
Q31: The most important influence on the marginal
Q32: Increases in the productivity of labor tend
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