Figure 18-7 -Refer to Figure 18-7. Assume W₁ = $20 and W₂

question 512

Multiple Choice

Figure 18-7
-Refer to Figure 18-7. Assume W₁ = $20 and W₂ = $18, and the market is always in equilibrium. A shift of the labor supply curve from S₁ to S₂ would

• A)increase the value of the marginal product of labor by $2.
• B)decrease the value of the marginal product of labor by $2.
• C)decrease the value of the marginal product of labor by more than $2.
• D)not change the value of the marginal product of labor.

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