If the Price of the Product Produced by Labor Increases

question 86

Multiple Choice

If the price of the product produced by labor increases, the marginal revenue product of labor curve will

• A) be unaffected because productivity of labor has not changed.
• B) shift to the left.
• C) shift to the right.
• D) become more elastic.

---

Definitions:

Organizational Culture

The collection of values, expectations, and practices that guide and inform the actions of all team members of an organization.

Open Communication

A form of communication where all parties freely express their thoughts and feelings honestly and clearly.

Self-disclosure

The act of revealing personal information about oneself to others, which can help in building trust and relationships.

Trust

A firm belief in the reliability, truth, ability, or strength of someone or something.