If the Marginal Revenue Product of Labor Improves,which of the Following

question 109

Multiple Choice

If the marginal revenue product of labor improves,which of the following shifts in the labor market should occur?

• A)Supply of labor should shift to the left.
• B)Demand for labor should shift to the left.
• C)Supply of labor should shift to the right.
• D)Demand for labor should shift to the right.

---

Definitions:

Research Hypotheses

Statements made by researchers that predict a relationship between two or more variables.

Statistical Hypothesis

An assumption or claim about the characteristics or parameters of a population, which can be tested using statistical methods.

Population Parameters

Numerical values that summarize data for an entire population, such as the mean or standard deviation.

Null Hypothesis

A hypothesis that assumes no significant difference or effect in a particular situation, serving as a default position until evidence suggests otherwise.