The Marginal Revenue Product of Labor Curve Will Always Shift

question 42

Multiple Choice

The marginal revenue product of labor curve will always shift to the left if

• A) the wage rate falls.
• B) product demand decreases and product price decreases.
• C) product demand increases and product price increases.
• D) the price of capital falls.

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Definitions:

Compliance

Conformity to a social norm prompted by the desire to acquire rewards or avoid punishment.

Organizational Norms

The informal understandings that govern the behavior of members within an organization, establishing the expected standards of conduct.

Patriotic Soldier

A military personnel who deeply loves, supports, and defends their country with a strong sense of national loyalty and pride.

Internalization

Conformity to a social norm prompted by true acceptance of the beliefs, values, and attitudes that underlie the norm.