When the Price of a Firm's Output Increases

question 40

Multiple Choice

When the price of a firm's output increases,

• A)the supply of labour increases.
• B)the firm hires less labour.
• C)the marginal product of labour increases.
• D)the firm's demand for labour curve shifts leftward.
• E)the value of marginal product of labour increases.

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Definitions:

ToUpperCase

A function or method in many programming languages that converts all the letters in a given string to uppercase.

ToLowerCase

A method that converts all the characters in a given string to lower case.

LastIndexOf

A method used to find the last occurrence of a specified value in a string or array, returning the index at which it was found, or -1 if it is not found.

Substring

A portion of a string or sequence of characters within a larger string.