An Advance in Technology Which Increases Labor Productivity Will Shift

question 126

Multiple Choice

An advance in technology which increases labor productivity will shift the:

• A) labor demand curve to the left.
• B) MFC curve to the left.
• C) MP curve downward.
• D) labor demand curve to the right.
• E) product demand to the right.

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Definitions:

Monthly Sales

Monthly sales represent the total revenue or units sold by a business within a calendar month, often used to gauge performance and trends.

Operating Leverage

A measure of the proportion of fixed costs in a company's cost structure, indicating how a change in sales volume will affect operating income.

Cedar Shingles

Thin, tapered pieces of cedar wood used as durable roofing materials.

Net Operating Income

Income from a company's everyday business operations, excluding expenses from interest and taxes.